Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

May 28 (HTX Market Data) – Early Thursday morning, Bitcoin led the cryptocurrency market into a sharp slump, hitting a fresh one-month low before paring those losses to trade at $74,453 as of this reporting period. Over a four-hour stretch, total crypto network liquidations reached $160 million, with long-position liquidations making up $151 million of that sum. On the breaking news front: An explosion occurred at Iran’s Abbas Port around 5 a.m. Beijing time Thursday, prompting Iran’s air defense system to activate for several minutes. Additionally, the U.S. military has confirmed it has deployed forces and is prepared to launch strikes on Cuba at any time. In U.S. stock market action, the three major indexes closed with modest gains, while tech sector performance was mixed: The Dow Jones Industrial Average rose 0.36%, the S&P 500 added 0.02%, and the Nasdaq Composite climbed 0.07%. Micron Technology (MU.O) jumped 3.63% to a new high, while Qualcomm (QCOM.O) plummeted over 6% and Int

May 28 (Fars News) — Around 1:30 a.m. local time (5:00 a.m. Beijing time) on May 28, local residents in the southern Iranian port city of Abbas reported hearing an explosion, according to reports from Iran’s Fars News Agency. A source at the Abbas port stated that three or four distant blasts were heard, sounding similar to an explosion that occurred in the same direction several nights ago. Local air defense systems were activated for several minutes during the incident.

May 28 – U.S. President Trump stated that the U.S. will continue to exercise control over Iran’s assets. He claimed Iran is already turning over the items the U.S. has demanded. If things do not go smoothly, U.S. Secretary of Defense Mark Esper will take charge of the situation. Trump also noted the U.S. could quickly end a war with Iran and might be forced to do so, but he believes such an action is unnecessary.

May 28th: During a cabinet meeting today, Trump declared that the Strait of Hormuz will stay open to all nations, with no single entity allowed to control it. The U.S. will oversee the strategic waterway as it is international waters. Regarding Oman, Trump stated that the country must act honestly, or the U.S. will have to "blow them out of the water."

WASHINGTON, D.C. – May 28 – During a Cabinet meeting Wednesday, President Trump outlined three key "achievements" of his administration since taking office: the average typical family tax refund is nearly $5,000, the U.S. stock market has notched 68 all-time highs during his tenure, and the average 401(k) balance has grown by almost $30,000.

May 28: GSR Head of Content Frank Chaparro revealed in an X Platform post that JPMorgan is recruiting for a Global Research Crypto Analyst role, part of the bank’s Foreign Exchange (FX) Strategy research team. The position will focus on crypto market structures, spot and derivatives markets, and integrating digital assets into the broader cross-asset strategy framework to support the bank’s overall research and investment decisions.