Update 866 – GENIUS Fails Senate Test;Reconciliation Faces Test next Tuesday Yesterday, after trying to muscle Democrats into moving forward with the first major piece of crypto legislation this Congress, Senate Majority Leader John Thune faced an embarrassing setback when the GENIUS Act failed to get cloture, falling short by a surprisingly wide margin. The …
Update 864 – GDP Contracts by 0.3%;Trump Skins FY26 Domestic Spending Three key pieces of economic data were released this week. The Fed’s preferred measure of inflation ticked down to 2.3 percent in March, nearing the Fed’s two percent target, while a strong 177,000 jobs were added to the economy and unemployment remained unchanged at …
Update 777 — 175,000 Jobs Added in AprilLabor Market Data; Week’s Key Hill Hearings On Wednesday, Fed Chair Powell made clear that long-elevated interest rates would remain in place, perhaps well into autumn, until either price or labor market data showed a retreat. This morning’s jobs report showing the economy added 175,000 jobs in April …
Update 777: April Jobs Data; Week’s Key Hill Hearing Read More »
