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The post Silver edges lower as Fed hike bets weight ahead US CPI data appeared on BitcoinEthereumNews.com. Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East fuel concerns about persistent inflation, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates. The resumption of hostilities between the United States (US) and Iran has revived concerns over energy supplies, lifting Oil prices and strengthening expectations of persistent inflation. This backdrop keeps expectations for monetary tightening alive and weighs on non-yielding assets such as Silver. According to the CME FedWatch tool, markets are now pricing in a high chance of at least one interest rate hike before the end of the year. This outlook is also supporting the US Dollar (USD), whose rebound is limiting the appeal of USD-denominat
Read full articleA trust deficit in the Fed's inflation management could undermine economic stability, influence crypto adoption, and affect policy credibility. The post Former Fed governor Randy Kroszner flags growing trust deficit between central bank and consumers on inflation appeared first on Crypto Briefing.
The post a16z co-founder Marc Andreessen named to Federal Reserve AI task force appeared on BitcoinEthereumNews.com. Marc Andreessen, the co-founder of the venture capital firm Andreessen Horowitz (a16z), will help lead a new Federal Reserve task force focused on studying how artificial intelligence changes productivity and employment. The Federal Reserve has launched four other similar initiatives and announced Andreessen’s appointment on July 9. How is AI changing the workplace? The Federal Reserve recently announced that Marc Andreessen, the co-founder of Andreessen Horowitz, will co-lead a panel called Productivity and Jobs alongside Charles I. Jones, a Stanford economics professor currently on leave at the AI company Anthropic, and Asha Sharma, who serves as Microsoft’s executive vice president and Xbox CEO. The panel is one of five task forces created by Fed Chair Kevin Warsh to challenge how the central bank reaches monetary policy decisions. The other four groups will focus o
The post United States Dollar Index little changed as traders weigh geopolitics and Fed outlook appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY) trades within a volatile range on Friday as a sparse US economic calendar leaves traders watching developments in the Middle East after renewed hostilities between the United States (US) and Iran this week. Even so, the latest flare-up has provided only limited support, with the DXY set to finish the week virtually unchanged. At the time of writing, the index, which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.85 after slipping to a one-week low of 100.60 earlier in the Asian session. On Friday, US President Donald Trump said in a Truth Social post that Iran had asked to continue talks and that the US had agreed, while reiterating that the ceasefire was “over.” The mix of diplomacy and ongoing tensions has kept traders cautious about a quick end to the war. Meanwhile, hawkish Federa
Persistent inflation due to global tensions and tech investments may deter crypto investments, as higher interest rates favor traditional assets. The post Federal Reserve blames tariffs, Iran conflict, and AI spending for persistent inflation surge appeared first on Crypto Briefing.
Rising memory prices could lead to sustained inflationary pressures, influencing Federal Reserve policy and impacting consumer electronics costs. The post Federal Reserve warns soaring memory prices will raise core PCE by 1% appeared first on Crypto Briefing.
Sharma's Fed role highlights AI's dual impact on productivity and job markets, influencing future monetary policy amid tech industry shifts. The post Xbox CEO Asha Sharma joins Federal Reserve AI task force after historic layoffs appeared first on Crypto Briefing.
The post Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs appeared on BitcoinEthereumNews.com. In brief The Federal Reserve named Xbox CEO Asha Sharma to a task force studying AI’s impact on jobs and productivity. Sharma joins Marc Andreessen and Stanford economist Charles I. Jones on the Productivity and Jobs group. The appointment follows Xbox’s announcement that it will cut 3,200 roles as part of a major restructuring. Days after announcing the largest restructuring in Xbox history, CEO Asha Sharma has joined a Federal Reserve task force examining how artificial intelligence and other emerging technologies could reshape jobs, productivity, and the broader economy. On Thursday, the Federal Reserve said that Sharma will serve on its Productivity and Jobs task force, which will study the economic impact of new general-purpose technologies, including AI, as part of the central bank’s approach to monetary policy. Sharma, who previously worked in Microsoft’s Cor
Asha Sharma will advise the Federal Reserve on AI’s impact on jobs and productivity as Xbox undergoes the biggest restructuring in its history.
