_{US NEWS}

Florida Becomes First Major State to Approve Gold and Silver for Everyday Transactions

Governor Ron DeSantis signed HB 999 into law, making Florida the first large U.S. state to allow the use of gold and silver coins for everyday purchases. The new legislation permits money service businesses—like check cashers and digital payment platforms such as PayPal—to process payments in precious metals that meet specific purity standards. DeSantis emphasized the law’s alignment with the U.S. Constitution, while bill sponsor Rep. Bill Bankson framed it as a way to reduce tax burdens, promote fiscal stability, and offer more choice in how Floridians conduct financial transactions. The bill signing in Apopka was met with a small protest urging the governor to address immigrant labor contributions and family separation policies. Read More.

_{ECONOMIC NEWS}

Fed Flags Rising Unemployment and Stagflation Fears Amid Tariff Fallout

Minutes from the Federal Reserve’s May meeting reveal growing concern about stagflation risks—stagnant growth combined with persistent inflation—driven largely by recent White House trade policies. Officials now expect higher unemployment through at least 2027 and lower long-term productivity due to tariffs. The Fed also projects slower GDP growth and elevated inflation, with inflation forecast at 2.7% for 2025 and GDP growth down to 1.7%. First-quarter GDP already contracted by 0.3%, partly due to businesses front-loading imports ahead of expected tariffs. Despite recent signs of easing inflation, the Fed is maintaining its interest rate pause amid policy uncertainty, noting that economic weakening may help curb inflationary pressures. Read Now.