*TRUMP: I WILL DEMAND THAT INTEREST RATES DROP IMMEDIATELY
US President Donald Trump said Thursday he would seek to bring interest rates lower, speaking remotely to the World Economic Forum in Davos, Switzerland. "I'll demand that interest rates drop immediately," he said, in a signal that he might pressure US Federal Reserve officials on the matter. "Likewise, they should be dropping all over the world. Interest rates should follow us all over." Source: Barron's, www.investing.com
Summary of Executive Orders President Trump signed.
Source: Wall Street Mav @WallStreetMav
United States banks can now officially hodl Bitcoin.
The SEC's Accounting Bulletin No. 121 required banks to treat Bitcoin as a liability, making it costly and impractical. Today’s repeal means banks can buy and custody Bitcoin, like other assets. Source: Documenting Bitcoin
Deutsche Bank recently updated their Trump tariff inflation forecasts as shown below:
If the 25% tariffs on Canada/Mexico have a 50% pass-through, PCE inflation would rise 80 bps. A 75% pass-through would add 110 bps to PCE inflation. The Fed won't like this. Source: The Kobeissi Letter
The BTFP, introduced under Biden, acted as a lifeline, letting regional banks trade toxic, low-yield debt for loans at par value, disguising their insolvency.
Now drained, what will happen to the program? Could this put the regional banking system at risk? Source: FRED, The Coastal Journal
Bear markets pale in comparison to bull markets, both in market movement and duration.
Remember this chart during the next - and inevitable - correction or bear market. Source: Peter Mallouk
Strategic Bitcoin Reserve legislation is gaining momentum.
11 states, including Florida, Wyoming, and Massachusetts, have introduced bills to secure Bitcoin as part of their state reserves. Source: TFTC @TFTC21
The year 2025 begins with a new president taking office, a ceasefire in Gaza, and wildfires causing extensive destruction in Los Angeles - all within the first month.
So, what can we expect from the rest of the year? This graphic, via Visual Capitalist's Bruno Venditti, presents predictions for 2025 on various topics, based on a survey conducted by Ipsos between October 25 and November 8, 2024, in the United States. Source: Visual Capitalist
