Th 30/7 | Daily Crypto & Macro News
Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Federal Reserve leaves interest rates unchanged at 3.50% - 3.75%. Three voting members wanted a hike, with a 25 bps increase in September now looking more likely.
- Fed Chair Kevin Warsh states AI will drive future economic growth and that the Fed is focused on inflation.
- Over $1 trillion wiped out from the US stock market.
- $META crashes around 9-10% after Q2 results. Revenue rose 28% YoY to a record $60.8 billion, but costs jumped 55%, net income fell 14%…
The skinny
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