News
Federal Reserve Vice Chair Michelle Bowman reshapes bank-supervision unit, ends dedicated crypto oversight
7+ min ago (421+ words) The Fed's supervision division is getting a 30% staff reduction and a philosophical overhaul that could open the door for banks to engage with digital assets The Federal Reserve's bank-supervision arm is getting a facelift. Vice Chair for Supervision Michelle W. Bowman…...
Bank of Canada holds rate at 2. 25% for fifth straight meeting as deliberations go public
8+ min ago (324+ words) The central bank's summary of governing council deliberations lands June 24, offering a window into policymakers' thinking on inflation and trade risk The Bank of Canada is releasing its Summary of Governing Council Deliberations today at 13: 30 ET, a document that will…...
Kalshi traders assign 14% odds to US GDP growth above 3% this year
23+ min ago (469+ words) Prediction market bettors are deeply skeptical of Treasury Secretary Bessent's rosy growth targets, with most wagers clustered well below 3% Treasury Secretary Scott Bessent wants you to believe the US economy is about to rip. Prediction market traders would like a…...
Fed holds rates steady as Warsh prioritizes inflation over growth
27+ min ago (423+ words) Bitcoin and Ethereum both dropped following the June FOMC meeting, where the Fed raised its inflation forecast and signaled a higher rate path for the rest of 2026. The Federal Reserve had one job at its June 17 meeting: send a clear…...
Federal Reserve signals potential interest rate hikes as Trump administration backs Warsh
42+ min ago (211+ words) Half of Fed policymakers now support at least one rate hike by year-end, sending Bitcoin sliding below $64, 500 The Federal Reserve held interest rates steady on June 17 for the fourth consecutive meeting. But the real story is what comes next: roughly…...
Federal Reserve's Kevin Warsh signals hawkish stance, boosts US assets and rattles crypto markets
1+ hour, 39+ min ago (519+ words) New Fed chair's first FOMC meeting holds rates steady while nine of nineteen members eye a rate hike by year-end Kevin Warsh just held his first FOMC meeting as Federal Reserve Chair, and he used it to send an unmistakable…...
Scott Bessent makes the case for Hamiltonian economics in the digital age
3+ hour, 3+ min ago (289+ words) The Treasury secretary wants America to stop treating open markets as a religion and start treating them as a negotiating tool Treasury Secretary Scott Bessent stood before the Economic Club of New York on June 23 and delivered what amounts to…...
US current account deficit widens to $227 B in Q1, exceeding forecasts
4+ hour, 17+ min ago (393+ words) The primary income account swung to a $13. 3 billion deficit, surprising economists who expected the gap to shrink The US current account deficit expanded to $226. 8 billion in the first quarter of 2026, blowing past analyst expectations and signaling that America's appetite for…...
JPMorgan's Jamie Dimon declares we're in a bull market, calls momentum a 'little tsunami"
6+ hour, 21+ min ago (197+ words) The man who once called Bitcoin a fraud now says market momentum is nearly impossible to stop, but warns the next crisis will be worse than expected Jamie Dimon, the CEO of JPMorgan Chase, speaking publicly between June 21 and 23, described…...
US Federal Reserve set to release 2026 stress test results for 32 major banks
8+ hour, 1+ min ago (220+ words) The Fed's annual checkup on big banks arrives June 24, but frozen capital buffer requirements mean the results carry a different kind of weight this year. The Federal Reserve will publish the results of its 2026 annual supervisory stress tests on June…...