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In an interview with the Financial Times, Eric Trump played down the financial benefits of his family's cryptocurrency-related business and defended the launch of two memecoins, MELANIA and TRUMP, earlier this year as "just having fun."
Despite Coinbase CEO Brian Armstrong claiming the exchange's commercial is being censored, it's aired on Channel 4 YouTube videos.
Steve Englander, global head of FX research and macro strategy at Standard Chartered, said the market's reaction, which is a weaker dollar and slightly lower bond yields, is broadly correct. Instead of saying "yes, we're going to start the easing cycle with three 50 basis point rate cuts," what Powell did was focus heavily on the fact that an inflation target was just around the corner. They were worried about the labor market and said it didn't have to weaken further. So, in the absence of...
