FameEX Morning Crypto News Recap | September 11, 2025
2025-09-11 05:54:27Trump Calls on Powell for Immediate Major Rate Cuts
On September 10, President Trump called Fed Chair Powell a "complete disaster" and demanded an immediate, significant interest rate cut.
Review of BLS Data Systems by Inspector General
The U.S. Office of Inspector General has begun a review of the Bureau of Labor Statistics, targeting its data collection practices for the Producer Price Index (PPI) and Consumer Price Index (CPI). The review also examines the revision mechanism for employment data.
OCC Head Acknowledges Reality of Crypto De-Banking Trend
Jonathan Gould, head of the Office of the Comptroller of the Currency, emphasized in Washington that de-banking in the crypto industry is real and significant. He recalled focusing early in his tenure on reversing anti-crypto licensing conditions, addressing de-banking concerns, and pushing forward stablecoin regulations.
Senate Banking Committee Endorses Milan’s Federal Reserve Appointment
On September 10, the U.S. Senate Banking Committee voted 13-11 to approve Milan’s nomination to the Federal Reserve Board.
Fitch Sees Stronger Global Growth, Slower U.S. Economy Ahead
Fitch upgraded its global GDP forecast but still sees growth slowing from 2.9% in 2024 to 2.4% this year and 2.3% in 2026, before rebounding to 2.6% in 2027. It warned tariffs remain high and U.S. slowdown persists.
Goldman Trader Flags Data Risks for Equities in Coming 12 Months
Goldman Sachs macro trader Paul Chavonne cautioned that upcoming economic data may endanger stock market gains over the next year. He stressed the labor market’s role, citing New York Fed data showing workers’ reemployment probability at a historic low of 45%. Although the S&P 500 hit record highs, weak labor dynamics and rising fiscal concerns are fueling investor caution.
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