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📰 News

🏛 Franklin Templeton CEO Dismisses 50bps Rate Cut, Citing ‘Robust Economy’ Ahead of FOMC

Franklin Templeton CEO Weighs In On Potential FOMC Decision

In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy.

She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut.

In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it.

Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market.

Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or a 50 bps cut. U.S. President Donald Trump has also urged Powell to make a larger cut than he plans to do at today’s meeting.

📢 CME Group to Launch Solana and XRP Futures Options as Institutional Demand Grows

CME Expands Crypto Offerings With Solana and XRP Options Launch

According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures.

Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders.

According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand.

Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP.

📊 Market

🔮 XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?

XRP Price Action: Can Bulls Break Toward $4 Target?

The XRP price action reflects a breakout attempt after weeks of compression within a descending channel. The XRP current trading value stands at $3.03, positioning just above former resistance turned support near $2.95.

Key upside levels now align around $3.12 and $3.32, with stronger resistance closer to $3.59. A clean push through these levels could open the path toward $4.00, marking a decisive bullish scenario.

Conversely, downside protection rests near $2.60, where prior accumulation zones remain intact. However, the consistent rebound from lower channel levels signals renewed buyer conviction.

Moreover, chart projections outline a 35% upside scenario if momentum holds above near-term supports. Therefore, XRP price action suggests optimism remains intact as the structure leans toward recovery, with the token now on the verge of breaking out of its descending channel.

🔥 Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter

Shiba Inu Price Technical Analysis Signals a Rebound is Coming

The daily timeframe chart reveals that the Shiba Inu price has retreated this week as investors wait for the Federal Reserve interest rate decision.

This crash could be about to end as the coin has slowly formed a symmetrical triangle pattern. The upper side of this triangle links the highest level in May, July, and September.

On the other hand, the lower sides of the triangle pattern connects the lowest levels in April, June, and September. These two lines are now about to converge, a situation that may trigger a major move in either direction. The move will depend on the fundamentals, and as described below, there are some positive signs of a rebound.

A strong SHIB price rebound will push it to a high of $0.00001760, the highest level in May this year, which is about 35% above the current level.

On the other hand, a move below the lower side of the triangle will invalidate the long-term SHIB price forecast and point to more downside, potentially to the support level at $0.00001013, the lowest level in April this year.