The US Federal Reserve made a significant decision during its policy meeting from October 31 to November 1. Despite the US economy’s resilience and persistently high inflation above the Fed’s 2% target, the central bank chose to keep interest rates steady at their current 22-year high. This decision marks the
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) is set to announce its stance on interest rates this Wednesday. Analysts widely predict that the FOMC will maintain the target range for the federal funds rate at a historic 5.25%–5.5%, marking a 22-year high. Fed Chair Jerome Powell also recently
One of the world’s most prestigious investment firms, Goldman Sachs, has made the outlandish claim that November may not see an interest rate increase. The strategists at Goldman Sachs recently released a report outlining the several variables that have led them to expect an interest rate rise delay. They emphasized
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
In order to bring inflation down, U.S Fed Chair Jerome Powell has suggested that weaker labor markets are necessary. He issued a stern warning that the US Federal Reserve is ready to implement more interest rate hikes if they become necessary. Powell said that the Fed plans to keep interest
Inflation as measured by the annual Consumer Price Index in July came in at 3.2%, below market estimates of 3.3%, as reported by the U.S. Bureau of Labor Statistics. Inflation measured by the Core Consumer Price Index came in at 4.7%, below the market’s estimate of 4.8%, with the monthly
The crypto market has experienced massive growth and significant development over the last few years. Recently, cryptocurrencies have taken over the headlines as U.S. presidential candidates have continuously shown their interest in them. Several candidates have made strong statements against CBDCs. Adding to that, presidential candidate Vivek Ramasamy stated that
In recent days, the Federal Reserve has issued more guidance on cryptocurrencies. Adding to that, the FED released a press release announcing that it requires approval before the state bank can issue, hold, and transact stablecoin payments. These new rules on stablecoins come after PayPal announced its new stablecoin, PYUSD.
The Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank of Elkhart on July 29; the FDIC thereafter assumed management. The FDIC announced on July 31 that the four former Heartland Tri-State Bank locations will reopen as branches of Dream First Bank the following day. Customers of the
