According to the CME FedWatch tool, the Fed is certain to keep interest rates unchanged in the range of 4.25%-4.50%. Investors will pay close attention to Fed Chair Jerome Powell’s press conference to determine whether policymakers are comfortable with Trump’s call for immediate rate cuts.
The ECB has reiterated its commitment to introducing a digital euro, spurred in part by recent executive order by President Donald Trump.
The European Central Bank meets on Thursday for the first time since Donald Trump returned to office, leaving U.S. tariff threats looming over the euro zone's sluggish economy and potentially complicating the economic outlook.
The ECB has reinforced its push for a digital euro in response to Trump’s executive order promoting US dollar-backed stablecoins.
The European Union's central bank is reportedly pushing for a digital euro to counter US President Donald Trump's embrace of dollar-pegged private sector stablecoins.
Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday.
Donald Trump has directed the declassification of all remaining government records related to the assassinations of JFK, RFK, and MLK.
At the same time, the EU has suggested the UK could join an international trading partnership that would help soften Brexit – the Pan-Euro-Mediterranean Convention (PEM). European Commission President Ursula von der Leyen also used a speech at the Davos World Economic Forum gathering of global politics and business bigwigs to call on a previously sceptical EU to “deepen our relationship with China”,
European stock markets extended a multi-session winning streak following President Trump’s speech in Davos. While the banking sector led broad gains, energy stocks remained under pressure.
The European Central Bank (ECB) has highlighted the need for a digital euro to address competition from dollar-backed stablecoins promoted by US President Donald Trump. ECB board member Piero Cipollone underscored this point during a conference in Frankfurt,
President Trump took a hardline stance against an American CBDC—but now the European Central Bank is even more eager about a digital euro.
In his first week as US President, Donald Trump’s crypto policies reportedly drew the attention of a European Central Bank official, encouraging the development of a digital euro.