CryptocurrencyRobert Kaplan backs Fed’s rate pause amid diverging inflation signals
Goldman Sachs Vice Chairman Robert Kaplan has endorsed the Federal Reserve’s decision to maintain interest rates at 3.50%–3.75% in July. He argues that policymakers must resist rigid commitments, instead utilizing incoming economic data over the coming weeks to determine if inflation has cooled enough to warrant further inaction in September.
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Oil Prices Dip as Hormuz Reopening Talks Face New Hurdles
A fresh strike on a vessel traversing the Strait of Hormuz has cast doubt on the immediate future of the vital energy corridor. While U.S. officials maintain that a deal to normalize traffic is within reach, ongoing disputes over transit fees have stalled progress, rattling energy markets and investor confidence.
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Wall Street Banks Pivot to Massive Infrastructure Funding
With trillions of dollars in commitments, Wall Street is pivoting toward a new era of American industrial policy. Bank of America is the latest to join the fray, pledging $250 billion to critical infrastructure projects by 2027, as firms race to finance the energy and data demands of a shifting economy.