Fed rate hike is about Wall Street, not inflation, says economist

Goldman Sachs late Friday became the last of the major banks to retract its forecast of no rate hike next week.

Maybe the last of the holdout banks on Wall Street, Goldman Sachs now expects the Fed to hike rates 25 basis points on Wednesday.
Any policy tightening will be about pleasing Wall Street, not about cutting inflation, said market strategist James Thorne.
Diane Swonk disagreed, saying the inflation picture is worsening more than the core CPI number showed.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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