💥 US Jobless Claims Exceed Expectations.
💥 Markets Uneasy
💥 Fed Interest Rate Move on the Agenda
✨ Weekly data released today by the US Department of Labor indicated an unexpected slowdown in the labor market. The number of Americans filing for initial unemployment benefits in the week ending March 1st reached 220,000. Economists' median expectation was 210,000. Thus, applications exceeded expectations by 10,000, and the hashtag #USJoblessClaimsMissExpectationsquickly rose on social media. This was the highest figure in the last four weeks, while continuing claims also increased to 1.85 million, reaching their highest level since the second half of 2024. Wall Street reacted. At the opening, the Dow Jones fell 0.8%, the S&P 500 fell 0.6%, and the Nasdaq fell 1.2%. The 10-year bond yield fell to 4.28%. Gold hit a new record high of $2,185 per ounce.

🌟✨️💥 Eric Trump Blasts Banks Over Stablecoin Yield Lobbying, Calls It "Anti-American"
Eric Trump, co-founder of World Liberty Financial, took aim at JPMorgan, Bank of America, and Wells Fargo on X this week, accusing them of spending millions to block stablecoin yields while protecting their own margins.
His core argument rests on the fact that banks earn over 4% from the Fed, pay depositors 0.01–0.05% APY, and are now lobbying hard to stop crypto platforms from offering 4–5% yields to customers. "Anti-retail, anti-consumer, and straight-up anti-American," he wrote.
President Trump echoed the frustration, warning banks against undermining the GENIUS Act or holding the CLARITY Act "hostage." The CLARITY Act passed the House with bipartisan support in July 2025 and aims to clarify SEC and CFTC oversight of digital assets, but it stalled in the Senate Banking Committee after missing the White House's March 1 compromise deadline.
Mid to late March is now being floated for potential markup sessions. Can Congress move before election-year politics take over?
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