• Mar 06, 2025

US dollar sags after weaker-than-expected jobs data, Fed's Powell comments

The U.S. dollar dropped to multi-month lows against the euro and yen and fell versus most currencies on Friday after data showed the labor market in the world's largest economy slowed last month, creating fewer jobs than expected. The report suggested that the Federal Reserve remained on track to cut interest rates multiple times this year. U.S. rate futures on Friday priced in 78 basis points (bps) of easing this year following the nonfarm payrolls report, or about three rate cuts of 25 bps each, according to LSEG calculations.

• Mar 06, 2025

Trump creates Strategic Bitcoin Reserve, other cryptocurrencies to be used in stockpile

President Trump is advancing policy and regulations by creating a "Strategic Bitcoin Reserve" aimed at making the U.S., the crypto capital of the world. Other cryptos may also play a role.

• Mar 06, 2025

Trump signs executive order to establish government bitcoin reserve

President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency's journey towards possible mainstream acceptance. Under Trump's new order, the U.S. government will retain the estimated 200,000 bitcoin it's already seized in criminal and civil proceedings, according to Trump's “crypto czar” David Sacks.

• Mar 06, 2025

Fed’s Bostic Says Clarity on Economy Unlikely Before Late Spring

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said it could be several months before there’s clarity on how President Donald Trump’s policies and other factors will affect the economy, suggesting officials could hold rates steady until at least late spring.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How

• Mar 06, 2025

Fed may need to stay patient on rates until summer, Bostic signals

"There's a lot of transition that's happening, and in the midst of this transition it's hard to know exactly where things are going to land," Bostic said at an event hosted by the Birmingham Business Journal. The Federal Reserve will hold its next policy-setting meeting on March 18-19. President Donald Trump, since his January inauguration, has introduced a series of tariff actions followed by partial rollbacks or reprieves that have whipsawed industry and financial markets and contributed to financial market bets on earlier and additional Fed rate cuts.

• Mar 06, 2025

Economists and betting markets agree: Odds of a recession are rising

JPMorgan said this week that rising uncertainty around tariffs and layoffs is creating the potential for a "negative feedback loop" to hit the economy.

• Mar 06, 2025

Shiba Inu community wants SHIB to be featured in Trump’s crypto reserve

Shiba Inu burned 20 million SHIB, boosting its daily burn rate by 34.24%, but the price remains down 60% from post-election highs.

• Mar 06, 2025

Stocks fall as markets grapple with Trump's rapid shifts in tariff policy

Stocks fell Thursday afternoon as President Donald Trump's pledge to temporarily exempt many imports from his 25% tariffs failed to deter a wider sell-off.

• Mar 06, 2025

Trump To Hold Crypto Summit Friday—What You Need To Know

President Trump plans to host cryptocurrency executives at the White House on Friday, a crypto summit that could offer new insight into the administration’s agenda regarding digital assets.

• Mar 06, 2025

US employers add a solid 151,000 jobs last month though unemployment up to 4.1%

U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald threatens a trade war, purges the federal workforce and promises to deport millions of immigrants. The Labor Department reported Friday that hiring was up from a revised 125,000 in January. The unemployment rate rose slightly to 4.1% as the number jobless Americans rose by 203,000.