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- 🚨 Double Shock: Fed Eyes Rate Cuts While U.S. Hits India With 25% Tariff
🚨 Double Shock: Fed Eyes Rate Cuts While U.S. Hits India With 25% Tariff
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CoinGape Media
August 06, 2025
📰 News
Fed’s Kashkari Backs Two Rate Cuts in 2025
In a CNBC interview, Minneapolis Fed President Neel Kashkari signaled support for two rate cuts this year, citing signs of a slowing U.S. economy.
With September cut odds at 90%, Kashkari joins a growing chorus of FOMC members leaning dovish after July’s weak jobs data challenged previous Fed optimism.
Despite political noise, he stood by the data: “I don’t doubt the numbers.”
The Fed may be closer than ever to pivoting.
Trump Slaps 25% Tariff on Indian Imports Over Russian Oil Ties
The U.S. has escalated its trade war with India, imposing a 25% tariff on all Indian-origin goods from Sept 17, 2025, citing continued indirect support of Russian oil exports.
🔍 The move builds on Executive Order 14066, targeting nations circumventing U.S. sanctions via third-party oil routes.
🛑 Exemptions apply to goods in transit and certain protected items.
💼 Enforcement falls to key agencies, including Homeland Security and CBP.
This marks a bold escalation in U.S.-India trade tensions — and a warning to others skirting Russian sanctions.
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📊 Markets
XRP Gearing Up for $4? Analysts Spot Bullish Pattern
Despite recent dips, XRP is holding an ascending triangle — a classic bullish setup, says analyst Crypto Cred. If bulls push past the key $3.66 resistance, a rally to $4 could be next.
🔍 Past breakout in July saw XRP surge 40%
📊 Rising volume amid price drop hints at stealth accumulation, says CryptoPulse
⚠️ But beware: a looming death cross on MVRV suggests short-term volatility isn't over
Is XRP ready to lead the next altcoin breakout?
Ethereum Eyes $4K as Bullish Breakout Unfolds
Ethereum is holding strong above the $3,500 support, a critical level aligned with the 50% Fibonacci retracement.
Analyst TommyJR notes:
✅ Formation of a higher low supports the uptrend
✅ Breakout from mini flag pattern signals bullish continuation
🎯 Target: $4,000 — if $3,500 holds firm
Momentum is building. Can ETH lead the next leg up?
