FOMC minutes May 2025: Fed well positioned to wait for more clarity on inflation/economy

• Fed kept the rates unchanged at the meeting

The Fed Minutes are to be released at the top of the hour.

ECBs Knot: Near term growth and inflation risks are to the downside.

• ECBs Knot speaks

Fed Survey (from 2024):73% of Americans said they were doing ok or comfortable financially

US Dallas Fed Services Revenue for May -4.7 v 3.8 last month

Web3 Base Layer - Mystiko.Network Completed an 18 Million USD Seed Funding Round

• Mystiko V1 mainnets have supported over 134 Million USD transaction volume.

ECB reaffirms that Lagarde is determined to complete her term at the central bank

• A spokesman by the ECB puts out a statement

Lagarde reportedly has discussed cutting short ECB stint to head WEF

• FT reports on the matter, citing World Economic Forum (WEF) founder Klaus Schwab

Euro area consumers see higher near-term inflation expectations - ECB survey

• The latest findings from the ECB survey on consumer expectations for April

Thetanuts Finance Launches Leveraged LRT Strategy Vault

• The new vault helps enable further composability with Pendle’s PT-eETH.

RBNZ Gov. Hawkesby says decision to hold a rate vote was a healthy sign

• Hawkesby says a vote is not unusual at turning points

Recap: BoJ Ueda says Bank on alert to impact of super-long yield swings on borrowing costs

• Bank of Japan Governor Ueda said the Bank will be vigilant to the risk large swings in super-long bond yields could affect shorter-term borrowing costs and have a bigger impact on the economy.

BOJ likely to keep cutting bond purchases, says BofA

• BOJ to continue scaling back its purchases of Japanese Government Bonds

Influence of social networks on financial markets

• Today, everyone can instantly interact with a lot of people via social media.

NZD/USD bouncing after the expected RBNZ 25bp cash rate cut

• While easing inflaiton is offereing the potential for further cuts, there was some discussion of an on hold decision

RBNZ cuts cash rate by 25bp vs. 25bp expected

• Reserve Bank of New Zealand monetary policy interest rate cut

PBOC sets USD/ CNY mid-point today at 7.1894 (vs. estimate at 7.1996)

• PBOC CNY reference rate setting for the trading session ahead.

Script or Solidity — Comparing Smart Contract Capabilities in BTC and ETH

• Let's compare the smart contract capabilities in BTC and ETH by looking at their respective languages.

PBOC is expected to set the USD/CNY reference rate at 7.1996 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Bank of Japan Governor Ueda says tariff negotiations means outlook remains uncertain

• BoJ Gov Ueda speaking in Tokyo

Fed's Williams says wants to avoid inflation becoming highly persistent

• Federal Reserve Bank of New York President John Williams

How to Get Ready for the Bull Market

• Bull crypto markets offer excellent profit opportunities. But they come with significant risks.

AUD and RBA terminal rate both seen higher - headwinds for Australia to diminish

• A couple of snippets on the Australian dollar and the Reserve Bank of Australia

NZDUSD moves lower ahead of the RBNZ rate decision

• Pair trades in the middle of the range between 0.5845 and 0.6030

Economic calendar in Asia Wednesday, May 28 2025: RBNZ rate cut expected, &2 Fed speakers

• Asian Economic Calendar: Key Events and Consensus Expectations for 28 May 2025