WS #12149
Fed Beige Book shows economic activity broadened to almost all districts; Fed Chair Warsh sidesteps questions on inflation and AI; June CPI expected to show cooling inflation as fuel prices fell. Morgan Stanley won preliminary OCC approval to establish a digital-asset trust bank for custody, staking, and lending, pressuring outside crypto service providers.
Fed Policy and Economic Data
Fed Beige Book shows economic activity broadened to almost all districts; Fed Chair Warsh sidesteps questions on inflation and AI; June CPI expected to show cooling inflation as fuel prices fell.
Morgan Stanley won preliminary OCC approval to establish a digital-asset trust bank for custody, staking, and lending, pressuring outside crypto service providers.