Catenaa, Wednesday, May 28, 2025- Nearly 75% of US households say that they are doing financially okay despite inflation and price concerns, a Fed survey showed on Wednesday. Economic Well-Being of US Households in 2024 report by the Federal Reserve showed that 73% of adults reported either doing okay or living comfortably financially, similar to […]

Catenaa, Thursday, March 13, 2025- Barclays expects two quarter rate cuts this year, brokerage said on Thursday, with softer US labor market conditions. The brokerage is expecting two quarter-point rate cuts in June and September. It had earlier projected one 25-basis point cut in June. “The softer labor market causes us to add another rate cut, despite […]

Catenaa, Tuesday, June 10, 2025- US Treasury Secretary Scott Bessent is a top contender for the soon-to-be vacant Federal Reserve Chairman, Bloomberg reported on Tuesday. Quoting sources, the report said a small list of candidates under consideration for the Fed Chair includes Kevin Warsh, a former Fed official whom Trump interviewed for the Treasury secretary […]

Catenaa, Thursday, January 30, 2025 – Federal Reserve Chair Jerome Powell said Wednesday that banks are allowed to serve cryptocurrency firms as long as they can properly manage associated risks, addressing concerns that the industry is being cut off from traditional financial institutions. “The threshold has been a little higher for banks engaging in crypto […]

Catenaa, Thursday, January 30, 2025 –The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50% on Wednesday, January 29, citing “elevated inflation” and a strong labor market, while bitcoin remained steady above $100,000.  “The Committee decided to maintain the target range for the federal funds rate at 4.25% to 4.50%,” the Fed said in […]

Catenaa, Thursday, June 19, 2025- The US Federal Reserve held interest rates on Wednesday for the fourth meeting in a row but kept a projection for two rate cuts this year. The Fed committee voted unanimously to maintain its benchmark interest rate in the range of 4.25%-4.5%. The Fed has now held rates at that […]

Catenaa, Tuesday, February 18, 2024 – Federal Reserve Governor Christopher Waller is urging the creation of a regulatory framework that would allow banks and financial institutions to issue stablecoin.  Speaking at a financial conference, Waller emphasized the growing role of stablecoins in the global economy and said that clear rules would ensure stability while fostering […]

Catenaa, Friday, April 25, 2025-The Federal Reserve on Thursday rolled back prior guidance that discouraged banks from engaging in cryptocurrency and stablecoin activities, marking a pivotal shift in federal policy toward digital assets.  The central bank rescinded its 2022 directive requiring banks to pre-notify regulators of any crypto-related plans and reversed its 2023 supervisory requirements […]

Catenaa, Monday, March 31, 2025– Goldman Sachs expects the Federal Reserve to have three 25 bps interest rate cuts in 2025 while it upgrades its 12-month recession probability to 35% as Liberation Day approaches. The Wall Street brokerage said in a note on Sunday that now it sees consecutive cuts in July, September, and November, […]

Catenaa, Friday, April 03, 2025- A US House committee has approved legislation aimed at halting the Federal Reserve from issuing a central bank digital currency, escalating Republican opposition to a government-backed digital dollar. The House Financial Services Committee voted 27-22 on Thursday to advance the Anti-CBDC Surveillance State Act, sponsored by Majority Whip Tom Emmer, […]

Catenaa, Wednesday, June 25, 2025- US tariffs will likely slow down global economic growth and rekindle inflation in the US, JPMorgan said on Wednesday, where there is a 40% probability of a recession in the second half of 2025. US economic growth is expected at 1.3% this year, down from a 2% forecast at the […]

Catenaa, Tuesday, June 24, 2025- Federal Reserve Chair Jerome Powell said on Tuesday that it is well-positioned to wait on any interest rate cuts until it gains clarity on the inflation impact from Trump tariffs. “For the time being, we are well-positioned to wait to learn more about the likely course of the economy before […]

Catenaa, Thursday, February 20, 2025 – US stocks closed at a record high on Wednesday, with the S&P 500 reaching its third record close of the year, as minutes from the Federal Reserve meeting in January stressed officials would stay till inflation improves for further rate cuts. Many stocks had opened lower after Trump said he was […]

Catenaa, Wednesday, March 12, 2025– US President Donald Trump’s tariff and other policies have increased the probability of a US recession as the markets unwind on their higher growth expectation, Standard Chartered said. Kaushik Rudra, Global Head of Fixed Income Research and Head of Asia Research at Standard Chartered, said that although they expect a growth in […]

Catenaa, Tuesday, April 22, 2025-Bitcoin’s price continued to reel Monday after confirmation that US President Donald Trump is exploring whether he can fire Federal Reserve Chair Jerome Powell, raising fears of financial instability and what analysts are calling an “apocalyptic scenario” for global markets. Trump’s trade war, marked by sweeping tariffs, has already rattled Wall […]

Catenaa, Wednesday, June 18, 2025– US President Donald Trump has called for a huge reduction in US interest rates and asked whether he can “appoint myself” at the Federal Reserve, hours before the Fed announcement. “We should be two [percentage] points lower; it would be nice to be two-and-a-half points lower,” Trump said at the […]

Catenaa, Monday, April 21, 2025- The US stock market declined on Monday after President Donald Trump warned of economic slowdown unless the Federal Reserve cuts interest rates. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the […]

Catenna, Thursday, March 13, 2025- US household wealth rose to a record high at the end of 2024, Federal Reserve data showed on Thursday, due to the stock market rally that increased the stock assets of Americans to $ 56 trillion. The net worth of households and non-profit groups rose to $169.4 trillion in the […]

Catenaa, Friday, February 28, 2025- US cost of living rose 2.5% in January over the last 12 months, official data said on Friday, showing a different trend from the Consumer Price Index(CPI), which rose unexpectedly in January. Personal Consumption Expenditures(PCE), as measured by the Bureau of Economic Analysis, rose by 2.5% in January year on year, marking […]