FameEX Morning Crypto News Recap | September 11, 2025
2025-09-11 05:52:30Trump Urges Powell to Slash Rates Without Delay
On September 10, President Trump publicly criticized Fed Chair Jerome Powell, calling him a "complete disaster" and demanding an immediate, significant cut to interest rates.
U.S. IG Audit of BLS Data Mechanisms
The U.S. Office of Inspector General initiated a review of the Bureau of Labor Statistics, focusing on data collection for PPI and CPI, as well as the revision process for employment statistics to ensure accuracy and transparency.
OCC Chief Confirms De-Banking in Crypto Industry Is Real
Jonathan Gould, head of the OCC, confirmed at a Washington event that crypto industry de-banking is a real phenomenon. He highlighted efforts to address it early in his tenure, including revoking anti-crypto licensing restrictions and advancing new stablecoin regulations to foster regulatory clarity and industry stability.
U.S. Senate Panel Approves Milan’s Nomination to Federal Reserve Board
On September 10, the U.S. Senate Banking Committee narrowly approved Milan’s nomination to the Federal Reserve Board, passing by a close 13-11 vote.
Fitch Upgrades Global Economic Forecast as U.S. Momentum Weakens
Fitch raised its global GDP forecast but still expects growth to slow from 2.9% in 2024 to 2.4% this year and 2.3% in 2026, before rebounding to 2.6% in 2027. It highlighted easing U.S. tariff uncertainty but noted tariffs remain high, alongside evident U.S. slowdown.
Goldman Sachs Trader Cautions on Economic Data’s Effect on Stocks Ahead
A Goldman Sachs macro trader, Paul Chavonne, warned investors that economic data could threaten stock market gains over the next year. He emphasized the labor market’s importance, noting New York Fed data shows workers’ reemployment probability at a record-low 45%. Despite the S&P 500 reaching new highs, concerns over employment conditions and fiscal spending foster market caution.
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