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#April Core PCE Release
Cryptocurrency News - Muhabbit:
In the USA, the number of unemployment claims was 240 thousand. The expectation was 229 thousand.
The U.S. Department of Labor has withdrawn its warning regarding cryptocurrencies in pension plans, published in 2022 401(k). This move paves the way for the inclusion of Bitcoin in pension plans.
Latest news: the second court instance in the US has blocked the customs duties imposed by President Trump.
Latest news: A federal judge in the U.S. has halted the ban on customs duties and granted the Trump administration 14 days to file an appeal.
🏛️ The head of the US Federal Reserve, Jerome Powell, met with the President at the White House to discuss economic events, including growth, employment, and inflation. Powell, not sharing expectations regarding monetary policy, emphasized that the roadmap will be shaped according to economic data.
🇺🇸 US President Trump met at the White House with the head of the US Federal Reserve (Fed) Jerome Powell.
White House press secretary Levitt said that Trump stated it was a mistake not to lower interest rates for Fed Chairman Powell.
White House Press Secretary Levitt announced that they are considering other options for trade policy.
White House Press Secretary Levitt stated that they hope Russia and Ukraine will begin direct negotiations next week.
The White House announced that the courts do not have authority over customs duties, and that customs practices will continue under Trump's additional powers.
🌍 Webus International Limited announced plans for strategic funding of up to 300 million dollars to create an XRP reserve to support international transactions. The company also updated its national partnership with Tongcheng Travel.