Miran says he doesn’t see tariffs causing inflation, putting him in minority on Fed committee

Key Points

Federal Reserve Governor Stephen Miran told CNBC Friday that he doesn’t anticipate President Donald Trump’s tariffs will cause inflation.
The governor also said that he believes Trump’s border policies will give rise to disinflation.
Earlier this week, Miran dissented against the central bank cutting its key interest rate by a quarter percentage point.

Source

Finance

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Fintech startup Upgrade valued at .3 billion in new funding round

Finance

Fintech startup Upgrade valued at $7.3 billion in new funding round

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Key Points Upgrade, a provider of online loans and other financial services, said it raised $165 million in its first funding round since 2021. The startup is now valued at $7.3 billion, according to CEO Renaud Laplanche. Neuberger Berman led the round, with participation from LuminArx Capital Management. Source