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Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds
Finances

Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds

Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight. Money-market fund assets are increasing

Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation
Business

Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation

Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring

Jolted markets fret about economy, Fed rate path By Reuters
Finances

Jolted markets fret about economy, Fed rate path By Reuters

© Reuters. FILE PHOTO: Share traders look at their screens at the stock exchange in Frankfurt, Germany, January 15, 2019. REUTERS/Kai Pfaffenbach/File Photo A look

Australia’s Central Bank Jumps Ahead of Fed by Holding Interest Rates Steady
Business

Australia’s Central Bank Jumps Ahead of Fed by Holding Interest Rates Steady

World Central bank says it is ready to resume tightening if price pressures intensify again Source link

Bank of America to redeploy wealth management, banking employees
Finances

As banking jitterbug dies down, Fed returns to its main dance partner By Reuters

2/2 © Reuters. FILE PHOTO: Boston Federal Reserve President Susan Collins pictured during an interview with Reuters in Washington, U.S, March 31, 2023. REUTERS/Michael S.

U.S. stocks are rising after inflation data boosts hopes for Fed pause
Stock Market

U.S. stocks are rising after inflation data boosts hopes for Fed pause By Investing.com

© Reuters. By Liz Moyer Investing.com — U.S. stocks were rising after a key inflation reading came in softer than expected. At 10:40 ET (14:40

Finances

Fed seen on the fence for interest rate hike at May meeting By Reuters

Fed seen on the fence for interest rate hike at May meeting Source link

Fed, Treasury Fine Wells Fargo for Sanctions Violations
Business

Fed, Treasury Fine Wells Fargo for Sanctions Violations

Markets Financial Regulation Federal Reserve and the Treasury Department are fining the bank $97.8 million Source link

Fed, Treasury Fine Wells Fargo for Sanctions Violations
Finances

Fed, Treasury Fine Wells Fargo for Sanctions Violations

Markets Financial Regulation Federal Reserve and the Treasury Department are fining the bank $97.8 million Source link

Daily Markets: Stock Rally Poised to Continue As Fed Officials Prepare Comments
Stock Market

Daily Markets: Stock Rally Poised to Continue As Fed Officials Prepare Comments

Today’s Big Picture Asia-Pacific equity markets finished the day ahead except for Japan’s Nikkei, which declined 0.36%. South Korea’s KOSPI advanced 0.38%, Taiwan’s TAIEX gained