Democrats Fear Trump’s Crypto Entity Will Pose Regulatory Conflict
Senators wrote to financial watchdogs to ask how they plan to oversee the Trump family’s cryptocurrency activities.
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Treasuries Soar Amid Mounting Economic Anxiety Into Quarter-End
(Bloomberg) -- Treasuries rallied after data suggested US economic growth is slowing, and falling US stock prices stoked demand for bonds. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe advance on Friday send yields across matur
Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer
However, Susan Collins said the inflation could be short-lived.
FDIC says banks can engage in crypto activities without prior approval
WASHINGTON (Reuters) -Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities. The Federal Deposit Insurance Corporation announced Friday that banks can engage in legally permitted activities, including those that involve cryptocurrency, without receiving prior regulatory approval and so long as they manage their risks appropriately. The move reverses previous FDIC policy, which required banks to clear any crypto activities in advance.
Weak spending, sticky prices, rising inflation expectations a bad mix for Fed
WASHINGTON (Reuters) -The U.S. Federal Reserve's seemingly locked-in path to a soft landing, already roiled by the arrival of the Trump administration, may be growing even more complicated as evidence of consumer caution about spending starts to align with new inflation risks and another jump in inflation expectations. Consumer spending and inflation data for February accentuated the point, with spending near zero once adjusted for inflation and a key measure of inflation itself increasing. "No matter how you want to slice it, it's shaping up to be a very weak quarter for real spending, and it may end up being the weakest quarter since the depths of the (pandemic) lockdowns," Inflation Insights President Omair Sharif wrote.
Tariff Policies Ramp Up Economic Concerns in March
Consumer sentiment fell again in March as inflation expectations moved higher and consumers expressed more anxiety about the labor market and future business conditions.
TOKEN2049 Dubai nears sell-out as crypto’s biggest names boot up
With 30 days to go, TOKEN2049 Dubai gears up for a record-breaking return, expecting 15,000+ attendees, 200+ speakers, and 500+ side events across the city.