Daily Summary
Inflation is prompting Gen Z to cut back on spending and seek financial advice, reflecting a broader national trend. The Trump administration has also taken a significant step in the financial sector by creating a strategic Bitcoin reserve to bolster U.S. leadership in cryptocurrency. Meanwhile, economic forecasts from the ISM predict continued growth in 2025, with both manufacturing and services sectors expected to see revenue and capital expenditure increases.
Trump Administration Launches Strategic Bitcoin Reserve
President Trump signed an executive order creating a Strategic Bitcoin Reserve, reinforcing the administration's commitment to elevate the U.S. as a leader in digital asset integration.
Inflation Shock Spurs Gen Z to Rethink Spending and Travel
Inflation is prompting Gen Z to slash discretionary spending and seek financial advice, as over 75% of Americans tighten their budgets amid rising costs.
ISM® Forecasts Continued Economic Growth in 2025
ISM forecasts steady economic growth in 2025 with manufacturing revenue up 4.2% and capital expenditures rising by 5.2%, while the services sector is also set to grow.