Federal Reserve Governor Christopher Waller said he supports a series of interest-rate cuts beginning in September, with the pace dictated by incoming data. The remarks bolster market expectations for easier policy into year-end, with investors eyeing PCE inflation and labor data for confirmation as yields and the dollar ease from recent highs.
Source: MarketWatch
CFTC opens the door for offshore crypto exchanges to serve U.S. clients
In a major shift, the CFTC reaffirmed its Foreign Board of Trade framework, giving non-U.S. exchanges a clear pathway to register and legally provide access to American traders. The advisory aims to onshore previously displaced activity, reduce regulatory ambiguity, and align U.S. participants with deep global liquidity across asset classes, including digital assets.
Source: Finance Magnates
U.S. economic data is going on-chain: Chainlink partners with Commerce Dept.
Chainlink will work with the U.S. Department of Commerce to publish official economic indicators directly on public blockchains. The initiative is a milestone for data integrity and accessibility, complementing separate efforts to anchor GDP releases across multiple chains and signaling growing public–private collaboration in digital infrastructure.
Source: FinanceFeeds
EU floats scrapping tariffs on U.S. industrial goods, seeks lower auto duties
Brussels proposed eliminating tariffs on U.S. industrial goods and cutting auto duties, a move that could de-escalate transatlantic trade frictions and trim costs for manufacturers. Any deal would hinge on reciprocal steps from Washington and could materially affect supply chains, pricing, and corporate capex planning on both sides of the Atlantic.
Source: Seeking Alpha
Caterpillar lifts tariff hit to as much as $1.8B for the year
Caterpillar warned that higher trade barriers could raise its full-year tariff bill to $1.8 billion, underscoring how policy shifts are rippling through heavy industry. The increased cost outlook highlights the pressure on margins and pricing strategies as companies reassess sourcing, inventory, and customer pass-through amid tariff uncertainty.
Source: Seeking Alpha
Barclays exits Entercard JV, selling stake to Swedbank
Barclays agreed to sell its stake in the Nordic consumer credit joint venture Entercard to partner Swedbank. The divestiture frees up capital and simplifies Barclays’ portfolio, while Swedbank consolidates control of a business with scale across Sweden, Norway, and Denmark as regional consumer finance dynamics evolve.
Source: Seeking Alpha
Hong Kong fines Deutsche Bank over client overcharging and control failures
Hong Kong’s Securities and Futures Commission fined Deutsche Bank about HK$23.8 million after finding years-long overcharging of clients and deficiencies in disclosures and product risk ratings. The case underscores tightening compliance expectations in Asia’s key financial hub and the cost of control lapses for global banks.
Source: FinanceFeeds
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