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Bank of America now expects the Federal Reserve to raise interest rates three times in 2026, reversing its earlier call for the central bank to stay on hold. The shift follows a warning that the Fed’s inflation problem has become “unambiguously worse.” A Sharp Reversal Bank of America’s economics team made the hawkish call this … Read more
The Digital Asset Market Clarity (CLARITY) Act is heading into a pivotal stretch, with the House scheduling two July hearings tied to Federal Reserve policy and digital-asset innovation. Senator Cynthia Lummis is pressing for a Senate floor vote before the August recess. A Packed July Calendar The legislative fight over U.S. crypto market-structure rules now … Read more
Federal Reserve Chair Kevin Warsh is scheduled to give his first congressional testimony on monetary policy before the House Financial Services Committee next month. The appearance comes weeks after he held interest rates steady at his debut policy meeting. A High-Stakes Debut Warsh is set to appear before the House Financial Services Committee at 10 … Read more
The U.S. Senate passed the 21st Century ROAD to Housing Act late Monday in an 85-5 vote, attaching a four-year ban on a Federal Reserve central bank digital currency (CBDC) to the sweeping housing package. The bill now moves to the House, where lawmakers could vote within days. A Four-Year Prohibition Senators voted 85-5 on … Read more
Federal Reserve Chairman Kevin Warsh used his debut press conference on June 17 to strip away decades of central bank communication habits, and markets spent the following day sorting out what that means for rates, risk, and bitcoin. Rates Hold, Statement Shrinks The Fed held the federal funds rate at 3.50% to 3.75% on a … Read more
Traders on multiple prediction markets are pricing near-certainty that the Federal Reserve will hold interest rates unchanged at its June 16–17 meeting, even as a new Fed Chair steps into one of the most scrutinized policy seats in the world. Warsh Takes the Chair Kevin Warsh officially leads the Federal Open Market Committee (FOMC) for … Read more
Interactive Brokers strategist Steve Sosnick says crypto’s recent wobble has exposed a “ crypto tourist” problem where money that chased performance on the way up is now heading for the exits. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital … Read more
Former Federal Reserve chair Jerome Powell says the U.S. central bank would lose the credibility it needs to steady the economy if officials could be removed over policy disagreements. The warning landed as the Supreme Court weighs President Donald Trump’s effort to fire Governor Lisa Cook. A Direct Defense of Central Bank Independence Powell delivered … Read more
Kevin Warsh took the Federal Reserve oath after Senate confirmation, succeeding Jerome Powell as chair. The FOMC also selected Warsh to lead the Fed’s monetary policy committee. Warsh Takes Fed Oath After Powell Transition Kevin Warsh took the oath of office as chairman and a member of the Federal Reserve Board on May 22, completing … Read more
Traders have largely abandoned expectations for Federal Reserve rate cuts in 2026, with CME Fedwatch data showing 95% to 98% odds of no change at any of the upcoming meetings, and prediction market bettors backing that view for June with tens of millions of dollars. Markets Price Out Every Rate Cut for 2026 The Fed’s … Read more