Meta Begins 8,000 Layoffs, Another 6,000 Job Openings Cancelled

Inflation reached 3.8%, posing a significant challenge for the hypothetical Fed Chair Kevin Warsh, implying concerns about monetary policy.

Fed minutes are in focus as inflation risks could shift interest rate expectations, potentially leading to a more hawkish stance.

As bond yields hit their highest level since 2007, a top bank urged the Fed to act immediately to calm markets.

The Federal Reserve confirms cryptocurrency is not yet considered money.

A top economist warned of a 40% recession risk in America and stated that stock markets are disconnected from reality.