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- Fed to hold rates again as officials await clarity on economy, tariffs
Fed to hold rates again as officials await clarity on economy, tariffs
Bay Area Times
June 18, 2025
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Top stories today:
- Fed to hold rates again as officials await clarity on economy, tariffs
- GENIUS Act passed by Senate to set guardrails for stablecoins
- Google brings Gemini 2.5 Flash-Lite in preview as fastest 2.5 model
- TikTok gets 90-day reprieve as Trump delays sale-or-ban law
- Eli Lilly to acquire gene-editing startup Verve Therapeutics
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Fed to hold rates again as officials await clarity on economy, tariffs
4.25%-4.5% is the target interest rate range for the Federal Reserve officials.
2 PM ET: the 4th straight meeting is likely to see Fed hold rates steady.
2:30 PM ET: Fed Chair Powell speaks at the FOMC’s press conference, after the meeting ends.
Markets expect 100 bps in cuts over the next 15 months
You meant to follow up, meant to learn more, meant to care. This is your second chance, and it still matters.
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No charging. No forgetting. Just continuous, under-the-skin monitoring, and over 60,000 hours of patient data to back it up.
Backed by Stanford StartX, $15M+ raised, and targeting a $65B+ market.
Invest in Future Cardia today before the deadline passes, and before another moment does.
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3. GENIUS Act passed by Senate to set federal guardrails for U.S. dollar-pegged stablecoins
68-30: the Senate voted for the bill.
Creates a regulated pathway to issue stablecoins for private companies.
Allows banks, fintechs, and major retailers to launch stablecoins or integrate them into existing payment systems.
Limits big tech from issuing stablecoins without partnering with or creating regulated financial entities.
Bars Congress members and their families from profiting off crypto ventures.
Doesn’t restrict the president to do so, though.
Yet to be passed by the Republican-held House.
Virtuix’s Omni One is a full-body VR treadmill that turns Fortnite into a fitness experience, allowing you to walk, run, crouch, jump, and sweat inside your favorite game.
400,000+ users. $18M in sales. Now, even the U.S. Air Force wants in on battle training.
Backed by Mark Cuban. Public investing on StartEngine, starting at just $500.
*Disclaimer: This Reg CF offering is made available through StartEngine Primary LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
