Fed’s favored inflation gauge remained elevated in March

This story about the March 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in March as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.7% on a…

US Seized 0M in Iranian Crypto Assets, Treasury Secretary Says

The United States has seized nearly $500 million in Iranian cryptocurrency assets as part of a sweeping economic pressure campaign against Tehran, Treasury Secretary Scott Bessent said Wednesday.Bessent made the comments during an appearance on Fox Business’s “Kudlow,” where he outlined the scope of Operation Economic Fury, a campaign ordered by President Donald Trump in March 2025 aimed at cutting off Iran’s financial lifelines through asset seizures, bank account freezes and secondary sanctions on countries…

Politics

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Business

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Tillis to Push Senate Banking Markup on Crypto Bill

US Senator Thom Tillis says he will push the Senate Banking Committee to advance the stalled crypto market structure bill, as the text of the bill has made progress and is ready for another vote.Tillis, a key Senate Banking Republican, told reporters on Wednesday that he would ask Senate Banking…

Lifestyle

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