NFT Paris Where the Physical and Digital Lines Blurred
Brands are merging the physical and digital using NFTs, the metaverse, and on-chain economies.
Ether Rally Turns Into Crypto Market Slide With Bitcoin Slipping Below $96K
Ether's brief run to $2,850 on Monday was due to a catch-up trade that could reverse later, one trader said.
Eric Trump predicts Bitcoin will surge 1000% to $1 million: ‘I’m confident..’
Eric Trump predicts Bitcoin will skyrocket to $1 million. Since his bold claim, BTC has hit an all-time high of $108,786.
Trump sending fewer market moving social media posts than previous term, study shows
Donald Trump has so far sent comparatively fewer market-moving social media posts since being re-elected than during his first term in power, a study by U.S. investment bank JPMorgan has estimated. The bank's analysts found that only 10% of the 126 posts Trump had published this time around on sensitive topics such as trade tariffs, foreign relations and economics had caused clear currency market moves. "Among the different topics, the posts on tariffs have been the biggest market movers," JPMorgan's note published on Monday said, adding that closer to a third of those ones had been market moving.
RBNZ Set to Deliver Third Half-Point Rate Cut to Revive Economy
(Bloomberg) -- New Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle economic growth.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe Reserve Bank will lower the Offici
Fed’s Bowman Sees ‘Troubling Trend’ of Bank Oversight Inaction
(Bloomberg) -- Federal Reserve Governor Michelle Bowman called for less opacity in bank oversight, saying the supervisory and regulatory approach needs updating so it better serves the financial system.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse City“The
Fed's Bowman: Greater confidence in falling inflation needed before more cuts
Federal Reserve Governor Michelle Bowman said on Monday she wanted increased conviction that inflation will decline further this year before lowering interest rates again, particularly given uncertainty around the impact of the Trump administration's new trade and other policies. "I would like to gain greater confidence that progress in lowering inflation will continue as we consider making further adjustments," to a policy rate that the Fed is currently holding steady in the 4.25% to 4.5% range, Bowman said in remarks prepared for delivery to an American Bankers Association conference. The benchmark interest rate "is now in a good place, allowing the committee to be patient and pay closer attention to the inflation data as it evolves," she said, referring to the Fed's policy-setting Federal Open Market Committee.
Fed's Harker supports steady interest rate policy stance for now
Federal Reserve Bank of Philadelphia President Patrick Harker sounded an upbeat note on the state of the U.S. economy on Monday, and said he saw no reason to change interest rate policy right now as the central bank continued to work to lower inflation levels. “The current data paints a picture of an American economy that continues to function from a position of strength,” Harker said in the text of a speech to be delivered before a group in Nassau, Bahamas. Inflation remains elevated but appears on track to ease over time, amid “resilient” growth and a balanced jobs market, and “these are reasons enough for holding the policy rate steady,” the official said.
Bonds Slump as Meeting of European Chiefs Buoys Defense Stocks
(Bloomberg) -- Investors sold European bonds and bought defense stocks on speculation a meeting in Paris between the bloc’s leaders will point toward higher spending on the continent’s security. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe German 1
Fed’s Harker Favors Holding Rates, Says Policy Still Restrictive
(Bloomberg) -- Federal Reserve Bank of Philadelphia President Patrick Harker said monetary policy is well positioned as officials wait for more progress on inflation.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityHarker said policy “remains restrictive”