0709 GMT - Bitcoin falls after the Federal Reserve's latest meeting minutes dampened interest-rate cut expectations. The minutes showed most policymakers were more concerned about the risk of higher inflation than a slowdown in the labor market. The worse-than-expected July nonfarm payrolls report released after the meeting likely disrupted these assessments, Barclays analysts say in a note. However, the minutes suggest the "bar for the majority to shift focus to full employment risks in September may be higher than markets seem to think." Barclays expects the Fed to deliver one 25 basis-point rate cut this year in December. The market prices in a 79% chance of a September cut, LSEG data show. Bitcoin falls 0.6% to $113,682, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 21, 2025 03:09 ET (07:09 GMT)
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