Trump to Sign Order Opening Way for Alternative Assets in 401(k)s, Official Says
Trump expected to sign executive order that aims to allow private equity, real estate, cryptocurrency and other alternative assets in 401(k) accounts.
Trump expected to sign executive order that aims to allow private equity, real estate, cryptocurrency and other alternative assets in 401(k) accounts.
Following a disappointing July jobs report, investor expectations for a Federal Reserve rate cut in September surged.
Trump on said he would "shortly" announce his pick for open seat on the Fed Board of Governors and possibly his nominee for Fed chair as well.
President Trump's firing of Bureau of Labor Statistics commissioner Erika McEntarfer has Wall Street worried about the future path of economic data.
Strategists are warning interest rate cuts could push equity valuations into bubble territory over the next year.
U.S. Treasury Secretary Scott Bessent said on Thursday he is pulling together a list of potential candidates to lead the U.S. Federal Reserve.
The Fed held interest rates steady for the fifth meeting in a row as two Fed governors dissented underscoring division within the central bank.