Banking Summary

Federal Reserve Governor Stephen Miran spoke on Monday, asserting that inflation levels are closer to the Fed's two percent target than official measures indicate. He dismissed concerns about tariffs contributing to inflation and made a case for faster rate cuts.

Meanwhile, Asian shares and US futures experienced a decline ahead of a significant US jobs report, indicating investor caution in the market. In the banking sector, JPMorgan Chase is advancing into cryptocurrency by introducing a tokenized money fund, reflecting a broader trend of traditional financial institutions integrating blockchain technology into their offerings.