Sen. Elizabeth Warren, D-Mass., has raised concerns about Federal Reserve Chair Jerome Powell’s intentions regarding proposed changes to regulations aimed at increasing the capital cushion that large American banks must hold. In a letter dated June 17 obtained by CNBC, Warren expressed disappointment over reports suggesting that Powell is advocating for a significant reduction in
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When analyzing the potential impact of the upcoming U.S. presidential election on financial markets, the differences in regulatory policy play a crucial role. One of the key areas to focus on is monetary policy. Looking back at Trump’s picks for the Federal Reserve Board, it is evident that his choices leaned towards a more hawkish
Recent data has shown positive signs of receding inflation, but one major obstacle still remains for Federal Reserve officials to consider. Housing costs have been a key factor in the inflation picture this year, with shelter inflation staying elevated despite expectations of a decrease. This has hindered the Fed’s ability to confidently lower interest rates,
Bitcoin, the original cryptocurrency, has long been known for its extreme volatility. However, recent research by Kaiko Research suggests that this volatility is on the decline as Bitcoin matures. Despite this overall trend, last week saw a rollercoaster ride for Bitcoin prices due to macroeconomic updates in the US. Prices swung from $66,000 to nearly
Solciety, a fresh face in the crypto world’s PolitiFi sector, has officially launched with a 30-day presale of its Solciety (SLCTY) tokens on June 18th, 2024. The project kicks off with 3 billion SLCTY tokens up for grabs, starting at $0.0015 and increasing in price every 72 hours over ten stages. The final presale price
Boeing CEO Dave Calhoun will be testifying before a Senate panel to address the company’s safety and manufacturing crises. The recent incident of a door panel blowing out of a nearly new 737 Max 9 jet in January has raised concerns about the company’s safety practices and quality control. Calhoun, who has announced his plans
The U.S. dollar has been showing signs of strength, with the Dollar Index trading 0.2% higher at 105.125. This increase comes ahead of the release of key retail sales data and speeches by Federal Reserve officials, which are expected to provide insights into the timing and pace of potential interest rate cuts. Traders are closely
The dollar’s value has been a topic of discussion among traders as they eagerly await the release of a key U.S. retail sales report and comments from Federal Reserve officials. The U.S. dollar index, which measures the currency against major peers, saw a slight increase of 0.11% to 105.39 in Asian hours, following a loss
Merck’s newly approved vaccine, Capvaxive, comes as a breakthrough in protecting adults from the serious bacteria known as pneumococcus. This bacteria can lead to severe illnesses and even pneumonia, particularly affecting older patients and those with chronic health conditions. The introduction of Capvaxive aims to provide broader protection than the currently available vaccines on the
The Municipal Securities Rulemaking Board has taken a significant step towards enhancing market transparency by adding the Tradeweb AAA Municipal Curve to its Electronic Municipal Market Access website. This move is part of a broader effort to consolidate more data on EMMA, providing investors with valuable tools to evaluate bond prices and yields, measure market