ECB's Isabel Schnabel warns stablecoins could mirror money market fund risks and strengthen the US dollar's global role. She advocates for modernizing public money via digital euro and tokenized central bank settlement to ensure financial stability.
Hiring activity increased in March, according to federal data issued Tuesday. However, the Iran war threatens to stall that progress in the job market.
Wall Street veterans including JPMorgan CEO Jamie Dimon are warning about credit market risks as the Federal Reserve prepares for a leadership transition. While investors focus on Kevin Warsh's expected confirmation as Fed chair, markets face potential volatility from duration risk and tight credit spreads. The Fed held rates steady at 3.50%-3.75% with inflation running at 3.5% annually, complicating the outlook for bond portfolios.
Russia has no plans to leave OPEC+, Deputy Prime Minister Alexander Novak said in Mineralnye Vody on April 30. The agreement helps mitigate oil market risks during crises and supports investment strategies and industry development, he said. This comes after the UAE announced it would exit OPEC and OPEC+ effective May 1, 2026.
