July 4th is the pinnacle of summer—a day off from work and maybe a trip to the beach with friends or a barbecue with family.

Earlier this year, Barclays predicted a 25 basis points cut in June but revised its forecast to push the first cut to July 2025, potentially tied to rising unemployment and slower economic growth.

Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. He owns < $50 in BTC and < $20 in ETH. He won a Gerald Loeb award in ...