ECB President Christine Lagarde pushed back Friday on calls for euro stablecoins, saying the instrument is "not an efficient way" to strengthen the euro's international role—and that Europe should stop trying to copy the U.S. playbook. Speaking at the Banco de España LatAm
In brief - ECB President Christine Lagarde said euro stablecoins are “not an efficient way” to boost the euro’s global role, warning their risks outweigh short-term gains. - She flagged two “material” risks: financial instability from sudden redemptions and weaker monetary...
Job market remains stable with little evidence of deterioration The job market is currently stable, with no significant signs of decline. The Federal Reserve is closely monitoring the inflation situation, as it has not been favorable and is moving in the wrong dire
Lagarde signals higher input prices could feed through to consumers, reinforcing upside inflation risks amid Middle East tensions. European Central Bank President Christine Lagarde said rising energy costs will lift input prices, potentially passing through to consumer inf
Christine Lagarde cites USDC’s 2023 depegging as evidence stablecoins risk destabilizing underlying asset markets. European Central Bank President Christine Lagarde said stablecoins will not enhance the euro’s international standing, citing Circle’s USDC losing its dollar
DBS Group Research’s Philip Wee says the Federal Reserve is working to cool hawkish expectations ahead of Kevin Warsh’s appointment as Chair on May 15. Officials are stressing an extended pause despite higher near-term inflation expectations from energy shocks, pointing to
Federal Reserve (Fed) Governor Stephen Miran said in an interview with Fox Business, released on Friday, that the central bank should cut interest rates, clarifying that the current policy is holding back the job market. Remarks I think it's appropriate to cut interest rat
Top CD rates reach about 4% APY Some banks are offering competitive CD rates, with top rates reaching about 4% APY. This is especially true for shorter terms of one year or less. The highest CD rate is 4% APY, offered by Marcus by Goldman Sachs on its 9-month CD.
CIT Bank leads with a 4.10% APY as savings rates remain elevated despite Fed rate cuts in prior years. High-yield savings accounts continue to offer rates above 4% APY, with CIT Bank providing the highest rate at 4.10% as of May 8, 2026. This follows a period of Federal Re
Christine Lagarde highlights financial stability concerns as stablecoin market capitalization surges from USD 10 billion to USD 300 billion in six years. European Central Bank President Christine Lagarde flagged growing risks from stablecoins, which have ballooned to a USD
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