Stablecoins are becoming a central bank problem hiding in T-bill markets
BIS research puts private dollar tokens closer to sovereign funding markets than the payment-rail debate suggests.
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Trump’s Rate-Cut Demand Meets a New Crypto Tax Push: 5 Altcoins Worth Risking Before the Market Reprices
Nineteen out of twenty, Chair Waller again failed to deliver the Fed dot plot “assignment”
Federal Reserve Chairman Waller has twice refused to enter his interest rate forecasts on the dot plot, bluntly stating that the tool is "of no use for policy implementation." The dot plot, which has been in operation since 2011 and is published four times a year to show officials' interest rate expectations, is an important reference for the market to assess the direction of monetary policy. However, its lack of consensus, anonymity, and the participation of non-voting governors have long been criticized. Previous chairs have had varying attitudes toward the tool, but Waller's stance is the toughest.
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Overnight US Stock Market | Federal Reserve Raises Interest Rates by 25 Basis Points as Expected, All Three Major Indexes Close Lower, SpaceX (SPCX.US) Rises Over 5%
At market close, the Dow Jones Industrial Average fell by 630.56 points, or 1.21%, to 51,462.55 points; the S&P 500 Index dropped 33.51 points, or 0.44%, to 7,552.22 points; and the Nasdaq Composite Index declined 3.15 points, or 0.01%, to 25,978.42 points.
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