Federal Reserve of New York warns of ongoing tariff-driven price hikes by US companies

The post Goldman Sachs Limits, but Doesn’t Stop, Employees Using Kalshi and Polymarket appeared on BitcoinEthereumNews.com. Goldman Sachs has told employees to confine their prediction market activity to sports and entertainment. The bank hopes to limit compliance risks tied to betting on elections, interest rates, and other market-moving events. The bank issued the policy through an internal memo. It warned that repeated violations could lead to termination, a person familiar with the matter told the Financial Times. Kalshi and Polymarket Face Insider Trading Scrutiny Both platforms have drawn scrutiny over users profiting from advance knowledge of major events. Lookonchain flagged three wallets that netted more than $630,000 betting on Nicolás Maduro’s removal hours before his capture. Nobel Peace Prize organizers separately investigated a possible leak after a run of successful wagers on the eventual winner. Kalshi and Polymarket have since rolled out new rules targeting insider tra

The decision to avoid new tariffs reduces macroeconomic uncertainty, stabilizing aviation trade and potentially benefiting global markets. The post US government ends probe into imported airplanes and parts without new tariffs appeared first on Crypto Briefing.

The post Eurozone: Energy shock keeps pressure on ECB – Nordea appeared on BitcoinEthereumNews.com. Jan von Gerich highlights that Eurozone inflation risks remain skewed to the upside due to a persistent energy shock linked to Middle East tensions. Even under milder energy scenarios, he stresses that supply chain disruptions, higher production costs and firm-level price adjustments are already embedded, leaving the ECB unconvinced that inflation will quickly return to target. Persistent energy shock sustains risks “All members viewed the risks surrounding the inflation outlook as being to the upside relative to the staff baseline projections, with the evolution of the conflict in the Middle East being the key source of risk.” “With the energy shock proving more persistent than had been envisaged at the time of the March and April meetings, and indirect effects starting to become increasingly visible and broad-based, the inflation outlook had deteriorated further.” “Looking ahead, it wa

The Fed's modernization efforts could reshape financial markets, impacting interest rates, inflation measures, and crypto asset valuations. The post Federal Reserve names advisers to support modernization efforts appeared first on Crypto Briefing.

The post South Korean Won: Oil-linked range view into BoK meeting – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Charlie Lay argues that elevated South Korean inflation strengthens the case for a 25bp Bank of Korea (BoK) hike to 2.75% on 16 July. USD/KRW has fallen from 1560 to 1506 on earlier Oil weakness, but the bank now expects the pair to trade in a 1500–1520 range, with Oil prices and global risk sentiment remaining key drivers. Won pressured by inflation and Oil “South Korea’s inflation remained elevated in June, reinforcing the view that the Bank of Korea (BoK) is on course to hike rates next week. Headline CPI inflation was slightly higher at 3.2% yoy from 3.1% in May, marking the highest reading since December 2023. It remained well above BoK’s 2% target.” “Other factors expected to keep inflationary pressures firm include the weak won and robust wage growth linked to the AI-driven semiconductor boom.” “The latest inflation report strengthens the case for Bo

The post Fed’s Williams: Inflation is still ‘far too high’ appeared on BitcoinEthereumNews.com. Federal Reserve (Fed) Bank of New York President John Williams said in the Future of Market Liquidity and Functioning Workshop in New York on Thursday that inflation remains “far too high,” while stressing that policymakers are actively debating different inflation scenarios as energy prices, artificial intelligence investment and productivity trends shape the outlook. Key takeaways: Inflation is still “far too high,” keeping the Federal Reserve focused on the risks to price stability. Markets still expect Oil prices to decline over the next six to 12 months. Monetary policy remains focused on how energy prices feed through into inflation. AI investment is currently driving inflation, adding to demand and cost pressure. The Fed is actively debating various inflation scenarios as uncertainty remains elevated. Williams said the latest Fed Minutes captured a “collective reaction function,” refl

The post Equities: Growth downgrades and rotation theme – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu notes the International Monetary Fund (IMF) has trimmed its 2026 global growth forecast to 3.0%, with uneven impacts across energy exporters, tech economies and low-income importers, influencing global equities. The disinflation trend appears stalled as headline inflation is projected to re-accelerate before easing. Yu sees markets wrestling with stretched valuations, fading momentum and a shift from acceleration to consolidation. IMF downgrades and stagflation concerns “The International Monetary Fund has inched its 2026 global growth forecast down again to a sluggish 3.0%. Growth is projected to rebound to 3.4% in 2027, but that is still below ‌the average of 3.5% seen in 2024 and 2025.” “Global headline inflation is seen rising from 4.1% in 2025 to 4.7% in 2026 before easing to 3.9% in 2027, suggesting the disinflation trend has stalled.” “Stagflation risks remain in pro

The post Confirmed: ECB Accounts reveal growing concerns over inflation risks appeared on BitcoinEthereumNews.com. The European Central Bank (ECB) released the accounts of its latest monetary policy meeting on Thursday, revealing growing concern among policymakers over persistent inflationary risks. The discussions show a consensus within the Governing Council that the risks surrounding the inflation outlook are skewed to the upside relative to the ECB staff’s baseline projections. The accounts indicate that headline inflation is expected to rise further over the summer and remain well above the 2% target through the first half of 2027. This outlook comes despite the projections already embedding almost three 25-basis-point interest rate hikes. Policymakers also noted that the outlook could prove even more challenging if energy prices do not decline in line with futures market expectations. Under that scenario, above-target inflation would likely become considerably more persistent. Th