Bitcoin jumps as Trump is set to sign an order that allows cryptocurrencies in 401(k)s

In the week ending August 2, the advance figure for seasonally adjusted initial claims was 226,000, an increase of 7,000 from the previous week's revised level. The previous ...

*FED'S BOSTIC SAYS ECONOMY LIKELY TO CONTINUE SLOWING Fed's Bostic: Firms are still in a "wait and see" pattern around employment. Bostic Says Likely Price Increase for Six to Twelve Months Will Put Pressure on the Federal Reserve Fed's Bostic: The most important question for the Fed is whether tariffs will shift prices once or more persistently. Fed's Bostic: Policymakers would not respond to a one-time price shift, but there are compelling reasons to be skeptical.

*WALLER EMERGES AS FAVORITE FOR FED CHAIR AMONG TRUMP TEAM Waller Has Met With Trump Team But Not With President TRUMP TEAM LIKES WALLER DESIRE FOR RATE CUTS BASED ON FORECASTS

Fed's Bostic: I still feel that one cut for this year remains appropriate, but there is a lot of data coming before the September meeting. Bostic Says Jobs Data Show Higher Risks to Labor Market Than Before Last Meeting Fed's Bostic: I am hopeful that by mid to late next year, price pressures will have eased. Fed’s Bostic: Hopeful Can Start Returning To Neutral Rate In 2026 Fed's Bostic: It would not be surprising if dissents continue at the FOMC meetings, given the complexity of the moment.