Treasury Secretary Scott Bessent called for a 50 basis point Federal Reserve rate cut in September following Tuesday’s “incredible” inflation report, which will be a dramatic shift from the Fed’s hawkish stance that maintained rates at 4.25%-4.5% through five consecutive meetings. The July consumer price index rose 0.2% monthly and 2.7% annually, below the 2.8%…
JPMorgan, Chase, and Coinbase have announced a partnership that will give over 80 million Chase customers new access to crypto through a series of integrations. The collaboration includes credit card funding, bank account linking, and the ability to redeem Chase rewards points for stablecoins. Coinbase announced that starting this fall, Chase customers will be able…
Digital banking giant Revolut is reportedly exploring the purchase of a US bank as it seeks to accelerate its entry into the American market. The move would allow the UK’s largest fintech to bypass the often lengthy process of securing a banking charter from scratch. The company is considering acquiring a nationally chartered bank that…