XRP Update: Attention Shifts to ETFs and SWIFT Competition; BTC Declines Amid Fed Outlook
The initiative enables pharmacies to purchase products and transfer funds immediately and cost-effectively, without depending on conventional banks or credit card systems. This also allows access to independent pharmacies through blockchain-based transactions. We refer to this as a significant payment solution based on XRP. The company currently assists 6,500 independent pharmacies along with 200 manufacturers. […]
Goolsbee from the Fed describes tariffs as conducive to stagflation
Tariffs and Economic Outlook: Insights from the Federal Reserve On Friday, Austan Goolsbee, President of the Chicago Federal Reserve, referred to former President Trump’s extensive tariffs as “morale” issues, sharing his views on the challenges they pose for central bankers. He urged the Federal Reserve to hold off on cutting interest rates. “I think tariffs […]
EUR/USD recovers as mixed US data affects expectations for Fed rate cuts
The EUR/USD has bounced back toward 1.1700 amid mixed data, affecting the dollar and reducing expectations for a Federal Reserve rate cut. Retail sales in July increased by 0.5%, aligning with predictions, but this was also influenced by a June rise that surpassed 0.9%. The CME FedWatch tool indicates an 88% likelihood of a 25 […]
EUR/USD falls sharply as high US PPI dampens expectations for large Fed rate cuts
Market Overview: EUR/USD Drops Post US Inflation Data After a notable rise in US producer price indices (PPIs) for July, EUR/USD decreased by 0.57%, landing at 1.1638. Inflation is impacted by tariff adjustments, while unemployment claims show a slight decline, pointing to a sturdy labor market. The market is beginning to discount a Federal Reserve […]
Trump administration considers 11 potential candidates for the Fed Chair role, officials report
Potential Successors for Federal Reserve Chair Under Review The Trump administration is currently considering eleven candidates to succeed Jerome Powell as Chair of the Federal Reserve, whose term ends in May. Among these new names are David Zelvos, chief market strategist at Jeffries, former Fed Governor Larry Lindsay, and Rick Rieder, Chief Investment Officer of […]
Schmid from the Kansas City Fed supports maintaining stable interest rates
Discussion on Federal Reserve Policies On a recent panel of The Big Money Show, discussions revolved around President Donald Trump’s proposals to modify the Federal Reserve, led by Jerome Powell. Members of the Federal Reserve, responsible for shaping monetary policy, expressed support for keeping interest rates steady to curb any potential inflation brought on by […]
Bessent calls on the Fed to reduce interest rates in September.
Treasury Secretary Scott Bescent called on central bankers on Wednesday to implement a half-point rate cut at their upcoming meeting next month. He suggested that the central bank’s target rate should be lowered by at least 1.5 percentage points from its current level. “I think we should start a series of rate cuts, beginning with […]
GBP/USD stabilizes near 1.3500 as chances of Fed rate cuts increase
GBP/USD may gain more support as recent US inflation figures bolster expectations for a Federal Reserve rate cut in September. The US Consumer Price Index increased by 2.7% year-on-year in July, slightly below the anticipated 2.8% rise. Latest employment statistics in the UK might allow Bank of England officials to adopt a “gradual and careful” […]
Treasury Secretary Scott Bessent states that Trump thought about bringing Janet Yellen back as Fed chair.
Trump Open to Fed Chair Candidates President Trump appears to be quite flexible regarding potential replacements for Federal Reserve Chairman Jerome Powell. The Treasury Department has indicated that he even considers Post’s Janet Yellen among the candidates. Powell’s term expired in May 2026, and the Trump administration has been interviewing a wide array of potential […]
S&P 500 soars to an all-time high as inflation report signals Fed can lower rates: Live updates
Stock Market Update On August 11, 2025, traders were busy on the floor of the New York Stock Exchange. Stock prices climbed on Tuesday as investors seemed relieved by the inflation report, which, although higher than anticipated, might encourage the Federal Reserve to consider cutting interest rates next month. The Dow Jones Industrial Average jumped […]