Trump's tariff push may cool down rather than heat up inflation in Europe. Falling energy prices, a stronger euro and excess goods supply from China are disinflationary forces, likely prompting the ECB to consider deeper rate cuts down the road.View on euronews
BERN (Reuters) -The head of the Swiss National Bank said on Friday that cryptocurrencies failed to meet the institution's currency reserve standards, rebuffing calls by crypto advocates that it hold bitcoin as a hedge against growing global economic risks. Cryptocurrency campaigners are ramping up pressure on the SNB to buy bitcoin, arguing that the economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves. They have launched a referendum campaign to change the Swiss constitution and require the SNB to hold bitcoin in its reserves alongside gold.
In recent comments, some Federal Reserve officials have discussed the possibility of lowering the central bank's key interest rate as soon as June.
The guidance withdrawals “ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system,” the Federal Reserve said Thursday.
Skechers USA shares tumbled in premarket trading Friday, a day after the footwear maker pulled its full-year forecasts amid "macroeconomic uncertainty stemming from global trade policies."
ARK Invest has significantly revised its price forecast for Bitcoin, projecting a potential rise to $2.4 million by the end of 2030.
Shares of Cantor Equity Partners (CEP) experienced a significant surge of 134% over the past week, with a notable 50% increase on Thursday.
- Bitcoin is outperforming major U.S. indices amid Fed independence concerns. - Investors are seeking "sovereign-free" alternatives to dollar assets. - Bitwise and iShares ETFs are seeing inflows as crypto sentiment indicators improve.
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