Trading Day: New highs, almost no news

White House slams Powell over Fed finances, project cost overruns

The White House criticized Federal Reserve Chair Powell for mismanagement, highlighting deficits and cost overruns on building renovations while the Fed maintains steady interest rates amid inflation concerns.

Fed’s Daly says two rate cuts remain on the table for this year

Mexico central bank board signals smaller rate cuts amid sticky inflation, weak economy

The Bank of Mexico's governing board considers smaller interest rate cuts due to persistent inflation and slow growth, indicating a cautious monetary policy approach ahead.

Fed considers changes to how it grades big banks

Fed’s Waller says stablecoins could lower payment prices

Federal Reserve Governor Christopher Waller states that stablecoins will enhance payment competition, reduce costs, and could impact demand for U.S. paper currency while increasing overall dollar demand.

US Senate to vote on Trump aid, broadcasting cuts as deadline looms

The U.S. Senate will vote on Trump's $9.4 billion spending cut request, leading to possible conflicts with Democrats and complicating future budget negotiations.

IMF says new US tariffs keep trade uncertainty running high

The IMF is monitoring U.S. tariffs, stressing global economic uncertainty and calling for cooperation to ensure stable trade amid rising tensions and growth forecast reductions.

Fed’s balance sheet drawdown likely can continue for some time, Waller says

Fed Governor Waller discusses the balance sheet reduction, potential interest rate cuts, and the strategy for future Fed bond holdings during a recent event.

Bitcoin jumps to record on institutional investor demand

Bitcoin reached a record high of $116,781.10, driven by institutional demand and favorable U.S. policies, alongside Ether increasing to $2,956.82.