Custodia Bank takes case to higher court after March setback
Custodia Bank appealed to a higher court after the Federal Reserve denied its master account application.
Powell still expects Fed to lower rates this year as inflation follows a 'bumpy' path down to 2% Federal Reserve Chair Jay Powell doubled down on his belief that inflation was on a 'bumpy' path down to 2%
PIMCO expects first rate cut in June
Fed’s Powell allays digital dollar anxiety as nations ramp up CBDC efforts
The U.S. Federal Reserve isn’t “remotely close” to launching a CBDC, which it can’t do without Congress, says Federal Reserve chair Jerome Powell.
Fed gets another reason not to rush on rate cuts
Federal Reserve policymakers weighing when to start interest-rate cuts got another reason Friday to sit tight for now, after a government report showed jobs growth surged in February but the overall labor market continued to show signs of cooling.
Employers added a robust 275,000 jobs last month, a Labor Department report showed on Friday, handily beating the 200,000 that economists expected.
It seems like Powell is putting a damper on the market expectations of a rate cut in March.
