Long-awaited Fed digital payment system to launch in July
FedNow, the Federal Reserve’s digital payments system, will debut in July.
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FedNow, the Federal Reserve’s digital payments system, will debut in July.
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Exactly one year ago, on March 16, 2022, the Federal Open Market Committee enacted the first of what would be eight interest rate increases.
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The contagion effect from the recent collapse of Silicon Valley Bank is local and contained, said Credit Suisse Chairman Axel Lehmann.
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Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.
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Inflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.
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The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022.
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The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations.
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Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
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As the 2025 U.S. soybean harvest season arrives, the absence of Chinese orders has plunged soybean farmers into an existential crisis.
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