ECB Governing Council Press Conference - 5 June 2025

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.6 billion in April, down $76.7 billion from $138.3 ...

In the week ending May 31, the advance figure for seasonally adjusted initial claims was 247,000, an increase of 8,000 from the previous week's revised level. The previous week's ...

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. Inflation is currently at around the Governing Council’s 2% medium-term target. In the baseline of the new Eurosystem staff projections, headline inflation is set to average 2.0% in 2025, 1.6% in 2026 and 2.0% in 2027. The downward revisions compared with the March projections, by 0.3 percentage points for both 2025 and 2026, mainly reflect lower assumptions for energy prices and a stronger euro. Staff expect inflation excluding energy and food to average 2.4% in 2025 and 1.9% in 2026 and 2027, broadly unchanged since March. ECB INTEREST RATE DECISION (JUN) ACTUAL: 2.15% VS 2.40% PREVIOUS ; EST 2.15% EUROZONE DEPOSIT FACILITY RATE (JUN) ACTUAL: 2.00% VS 2.25% PREVIOUS; EST 2.00% ECB MARGINAL LENDING FACILITY ACTUAL: 2.40% VS 2.65% PREVIOUS ECB SAYS STAFF SEE REAL GDP GROWTH AVERAGING 0.9% IN 2025, 1.1% IN 2026 AND 1.3% IN 2027 ECB SAYS WHILE UNCERTAINTY SURROUNDING TRADE POLICIES IS EXPECTED TO WEIGH ON BUSINESS INVESTMENT AND EXPORTS, ESPECIALLY IN SHORT TERM, RISING GOVERNMENT INVESTMENT IN DEFENCE AND… ECB cuts rates for eighth time amid trade war risk The European Central Bank cut interest rates for the eighth time in a year on Thursday, acknowledging inflation was under control and turning more pessimistic about the euro zone's economic prospects amid risks of a trade war with the United States. Thursday's cut lowers the rate that the ECB pays on bank deposits from 2.25% to 2.0%, the middle of the range that the central bank sees as "neutral" - neither curbing nor boosting the economy. The ECB kept all options open for its subsequent meetings, although some policymakers and many investors expect a pause in rate cuts at its next meeting in July. "Especially in current conditions of exceptional uncertainty, (the ECB) will follow a data-dependent and meeting-by-meeting approach," it said.

The prospectus for the Truth Social Bitcoin ETF just dropped https://t.co/TNtmKx25YV pic.twitter.com/dndYIspyDR Trump Media Files Registration Statement for Bitcoin ETF Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today the filing with the U.S. Securities and Exchange Commission of the initial registration statement on Form S-1 (the "Registration Statement") for the Truth Social Bitcoin ETF, B.T. ("the ETF"). The ETF will hold bitcoin directly and offer its shares (the "Shares") to investors, aiming to reflect Bitcoin's price performance. Crypto.com will act as the ETF's exclusive Bitcoin custodian, prime execution agent and liquidity provider. The launch of the Truth Social Bitcoin ETF is pending effectiveness of the Registration Statement as well as approval of a Form 19b-4 filing with the SEC. Upon launch, the Shares will be listed on NYSE Arca. Yorkville America Digital acts as the sponsor of the ETF.

ECB’s Pres Lagarde: Most Core Inflation Figures Suggest Inflation Will Stabilize At Target - Labour Costs Gradually Moderating - Wage Tracker Points To Further Easing In 2025 - Staff: Wage Growth To Fall To Below 3% In 2026, 2027 *LAGARDE: RISKS TO GROWTH TILTED TO DOWNSIDE - BBG *LAGARDE: INFLATION OUTLOOK MORE UNCERTAIN THAN USUAL ECB’s Policy Vote Was Almost Unanimous, One Dissenter *LAGARDE: EVERYTHING POINTS TO INFLATION SETTLING AT 2% ECB's President Lagarde: I wouldn't exclude further upward revisions to growth.