Bitcoin Stalls as Trump Vents Trade Frustrations Before Fed Decision

The price of The leading cryptocurrency by market cap was roughly flat over the past 24 hours, according to crypto data provider Alongside Canadian Prime Minister Mark Carney’s visit to the White House, Trump pushed back against investors’ growing sense of urgency for trade deals with nations caught up in his efforts to reshape global trade through “reciprocal” tariffs, per “Everyone says, ‘when, when, when are you going to sign deals?’” he reportedly grumbled. “We don’t have to sign deals, they have to sign deals with us.”Seated next to Carney in the Oval Office, a reporter asked Trump if there was anything that the newly elected official could say to get the president to lift tariffs on Canadian goods.“No,” Trump Despite members of Trump’s cabinet teasing deals with nations like India and Japan for weeks, the administration has yet to unveil an agreement with a foreign trading partner.During Congressional testimony on Tuesday, U.S. Treasury Secretary Scott Bessent “There are 18 very important trading relationships,” he said. “We are currently negotiating with 17 of those trading partners. China, we have not engaged in negotiations with, as of yet.”After snapping a nine-day winning streak on Monday, stock indices fell further on Wall Street. The S&P 500 and tech-heavy Nasdaq each stumbled 0.4%, according to Investors’ retreat comes a day before the Federal Reserve is expected to hold its benchmark interest rate steady at the conclusion of its policy meeting. The central bank is also set to release quarterly projections of metrics like the unemployment rate and inflation.In determining its policy stance, Fed officials are likely to look through data points that came before Trump’s “Liberation Day” announcement involving sweeping tariffs, Katalin Tischhauser, head of research at digital asset banking group Sygnum, told “Ahead of Liberation Day, imports have been fast-tracked and brought forward, skewing the GDP number,” she said. “The negative reading is therefore unlikely to spur the Fed into action.”Traders currently foresee a 31% chance that the Fed will cut interest rates for the first time since December at the conclusion of its June meeting, per Edited by James Rubin