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, 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, 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, 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, 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 […]
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 […]