[ad_1] Alleged conversations between the Fed chair and members of the US Congress fueled rumors about Powell’s involvement in the founding of Ripple. A 2018 video by a Ripple executive about the…
Category: fed
May Payrolls Beat Predictions by 339K
[ad_1] Payrolls rose 339,000 in May, exceeding expectations and indicating a resilient labor market. The US economy continued to generate jobs in May, despite macroeconomic challenges. Nonfarm payrolls increased to 339,000, significantly…
JPMorgan Chase Reports Record Q1 2023 Revenue Haul amid US Banking Crisis
[ad_1] JPMorgan topped expectations for Q1 2023 earnings of more than $3 billion on the back of higher Fed-facilitated interest rates. JPMorgan Chase (NYSE:JPM) recently posted record Q1 2023 earnings that beat…
March Job Growth Reaches 236,000 amid Hiring Pace Slowdown
[ad_1] On Friday, the Labor Department reported March job growth fell short of February’s upwardly revised figure of 326,000. US job growth hit 236,000 for March amid signs of a slowdown in…
US Federal Reserve Increased Interest Rate by 0.25% despite Banking Crisis
[ad_1] Regardless of the current trend, the Federal Reserve will implement additional interest rate hikes to remedy the tensions that the average consumer is still feeling in the economy. The United States…
Goldman Sachs Reportedly Testing AI despite Recent Pushback in Banking Sector
[ad_1] Leading bank Goldman Sachs has implemented a ChatGPT-like AI product for developers to experiment with code development. Goldman Sachs (NYSE:GS) is reportedly using in-house artificial intelligence (AI) to help developers write…
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion – Finance Bitcoin News
[ad_1] US Treasury Secretary Janet Yellen said the federal government could guarantee all deposits of small banks if they “suffer deposits that pose a risk of contagion.” The government recently protected all…
US Officials Reportedly Studying Ways to Guarantee Bank Deposits of $17 Trillion amid Crisis
[ad_1] The FDIC and Fed are looking for a way for the US government to insure all of the $17 trillion in bank deposits if the financial turmoil gets worse. The US…