Plus, the Trump administration has a big job opening, and there’s a new technology tax. Source: NYT > Business – Charlotte Cowles
Fed Chair Raises ‘Serious Concerns’ About Facebook’s Cryptocurrency Project
Jerome Powell, the chair of the Federal Reserve, was the latest central banker to express skepticism about Facebook’s cryptocurrency plans. Source: NYT > Business – Nathaniel Popper, Mike Isaac and Jeanna Smialek
Fed Points to Coming Rate Cut in Its June Meeting Minutes
The statement is the latest indication that the Fed is likely to approve an interest-rate cut at its next meeting this month. Source: NYT > Business – Jeanna Smialek
S&P 500 Touches 3,000 as Stock Rally Powers On
Few analysts expected the index to reach the milestone so soon, but many see reasons for the gains to continue. Source: NYT > Business – Matt Phillips
S&P 500 Touches 3,000 as Stock Rally Powers On
Few analysts expected the index to reach the milestone so soon, but many see reasons for the gains to continue. Source: NYT > Business – Matt Phillips
Trump Dealt the Fed a Losing Hand. Now It’s Powell’s Play.
The Fed may create political waves no matter what it does with rates at its meeting this month. The central bank’s thinking will be clearer this week. Source: NYT > Business – Jeanna Smialek