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(Reuters) -U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. President Donald Trump said on his first day in office he wants to fill the reserve up to the top as part of a policy to support oil and gas. Former President Joe Biden's administration sold nearly 300 million barrels from the reserve including a 180-million-barrel sale in 2022 after Russia invaded Ukraine.

The Solana community is currently engaged in discussions around the SIMD-228 proposal, a governance initiative that aims to transform the network's tokenomics.

A critical inflation report in the coming week could further rattle an increasingly tumultuous U.S. stock market, with investors worried about an economic growth slowdown and President Donald Trump's tariffs. Investors were grappling with dramatic policy change around the world. Trump's back-and-forth implementation of fresh tariffs on Mexico, Canada and China exacerbated broad concerns about the economy.

A soft landing from inflation may still be in sight, but when Federal Reserve Chair Jerome Powell speaks in New York on Friday he will be facing a tangled set of new risks to that long-sought goal, from a global trade war that could reignite price pressures to hints public expectations may be shifting in a bad way for the U.S. central bank. Powell will deliver his remarks to an economic conference just ahead of the communications blackout for the Fed's March 18-19 policy meeting. It will be his chance to publicly assess the still-developing economic impact of the expansive tariffs President Donald Trump has slapped on imports from major U.S. trading partners, with more expected, the new administration's efforts to downsize the federal government and contract spending, and stricter immigration rules.

After years of the 'resilient' consumer, retailers, stressed about tariff uncertainty ahead, are the ones having to take the high prices on the chin — in the form of slower sales or lower margin.

Global money market funds witnessed a surge in inflows in the week through March 5 as investors sought safety following the United States' move to escalate its trade war by slapping steep tariffs on imports from Canada, Mexico and China, fueling concerns about the potential impact on the global economy. Investors pumped a massive $61.32 billion into global money market funds during the week, following a net $39.55 billion worth of purchases in the prior week, data from LSEG Lipper showed. At the same time, demand for global equity funds dipped to a four-week low as these funds garnered just $2.97 billion worth of inflows during the week.

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