A summer rebound is stirring hopes the bear market in U.S. stocks has seen its lows, but a meeting of Federal Reserve policy makers this coming week might test the nerves of would-be bulls. “I expect ...
Tag: Federal
A Federal Reserve Recession May Be Here; The Good And Bad News For U.S. Economy, S&P 500
The Federal Reserve is slamming on the brakes to stem inflation — with another 75-basis-point rate hike expected Wednesday — even as the U.S. economy is sucking wind. A Fed-induced recession now seems...
US federal agency issues legal advisory on NFT investments
The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible to...
Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’ – Economics Bitcoin News
Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 b...
Alleged Buffalo Shooter Pleads Not Guilty In Federal Court As Attorneys Hope To Avoid Trial
Topline A white gunman charged with killing 10 Black people in a racially-motivated mass shooting at a Buffalo grocery store pleaded not guilty to federal hate crimes in New York federal court Monday,...
Federal Reserve survey shows crypto is not a priority for private banks
Over the past year, institutional investors have increased interest in cryptocurrencies, with banking giants such as JPMorgan and Goldman Sachs diversifying into crypto-related offerings. However, des...
Inflation Pushes Federal Minimum Wage To Lowest Value Since 1956, Report Finds
Topline As inflation skyrockets, the federal minimum wage – which has remained at $7.25 per hour since 2009 – has reached its lowest value in 66 years, according to a report from the Economic Policy I...
Federal Reserve Emphasized Higher Inflation Fears and Possible Recession in Latest Beige Book
The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York. In its Beige Book, a survey by the Federal Reserve revealed increased recession fears and the ...
Buffalo Shooting Suspect Payton Gendron Indicted On 27 Federal Charges—Including Hate Crimes And Weapons
Topline A federal grand jury has indicted suspected Buffalo grocery store gunman Payton Gendron on 27 firearm and hate crime counts, the Justice Department said Thursday, which he’ll face in addition ...
U.S. federal researchers say digital dollar may improve rather than worsen financial stability
One of the primary worries raised concerning a central bank digital currency (CBDC) is the possibility that it might increase the frequency of run on banks and other financial intermediaries. However,...
Federal Reserve vice-chair calls for crypto regulations to address risks
The vice-chair of the US Federal Reserve, Lael Brainard, has urged that regulators pay concern to the cryptocurrency space, or they would end up regretting it. Brainard was speaking at a conference fo...
US federal employees with digital assets shouldn’t work on crypto policy, ethics office warns
Government employees who own digital assets like cryptocurrencies or stablecoins may not work on matters that could have a “direct and predictable effect” on the value of their assets, according to a ...
Brazilian Federal Police Bust Crypto Laundering Gang
Federal police in Brazil have captured a criminal organization accused of using cryptocurrency to launder funds generated from illegal gold mining. Under Operation Greed, some 60 search and seizure wa...
Derek Chauvin Gets 20 Years For Federal Civil Rights Charges In George Floyd’s Death
Topline Derek Chauvin was sentenced to more than 20 years in federal prison Thursday for violating George Floyd’s federal civil rights when he killed Floyd by kneeling on him for close to 10 minutes d...
Framing An “Abuse-Of-Crisis Prevention Act” To Confine The Federal Government
I’ve been through a few of these. I was here at 9/11, I was here during the financial crisis in ‘08, I was here during the fiscal cliff. We occasionally have these great crises and when they occur we ...
Casino industry urges federal prosecutors to crack down on illegal operators
American casinos, gaming companies and lawmakers are calling on federal prosecutors to crack down on illegal offshore gambling sites that they say are evading consumer protection regulations. The pus...
U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend?
The talks to allow digital currencies to exist in U.S. economy are underway. The suggestion is to achieve this by linking cryptocurrencies to the U.S. dollar. This contemplation took place on Tuesday ...
Federal Reserve Conference Hints Stablecoins Can Reinforce USD’s Status – crypto.news
The central bank-issued digital currencies did not convince panelists at the recently concluded Federal Reserve conference, and CBDC cannot alter the global currency arrangement. The United States Fed...
Toyota joins Tesla and GM in phaseout of federal electric vehicle tax credits
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phaseout ...
Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’
Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that ...
Federal Reserve conference casts doubt on CBDC and dollar digitization
At the Federal Reserve’s first conference on the international role of the dollar, the prospect of a US central bank digital currency did not particularly impress panelists. According to a July...
H2O Waters Securities Launches First Crypto Water Token, Sequoia China $9 Billion Funding, Federal Reserve not Impressed by USD CBDC – crypto.news
H2O Waters Securities has launched the first water-focused crypto token. Sequoia China closes in on a $9 billion funding round to help new projects seed rounds and ventures, as the federal reserve app...
Federal Reserve discusses CBDCs, stablecoins, and crypto
The United States Federal Reserve has published a note related to a recent conference, saying that most experts believed that a US central bank digital currency (CBDC) would have zero impact on the gl...
Federal Reserve Conference Casts Doubt over Digital Dollar Project
Panelists at the Federal Reserve’s first conference on the international role of the dollar, are not impressed with the prospect of a US Central Bank Digital Currency (CBDC). According to a repo...
Justice Department Sues Arizona Over New Law Requiring Federal Voters To Show Proof Of Citizenship
Topline The Justice Department announced Tuesday it has filed a lawsuit against Arizona, claiming that a new state law that requires voters to show proof of U.S. citizenship in order to cast a ballot ...
Federal Housing Policies Make It Easier To Get A Loan But Not Be A Homeowner
Investment risk and uncertainty in the real estate housing market getty Last week I testified at the House Financial Services Committee hearing Boom and Bust: Inequality, Homeownership, and the Long-T...
Federal Judge Upholds Legal Definition Of “Public Nuisance,”, Dismisses $2.5B Opioid Suit
Judge David A. Faber, Senior District Judge for the Southern District of West Virginia, has dismissed the “public nuisance” lawsuit launched by the city of Huntington and Cabel County against Amerisou...
Biden May Soon Nominate An Anti-Abortion Federal Judge — To Appease Mitch McConnell
Topline President Joe Biden may soon appoint an anti-abortion judge to the federal bench as part of a broader deal with Senate Minority Leader Mitch McConnell (R-Ky.)—despite Democrats in the state ca...
Former Federal Reserve Regulator Is Calling for Banning Crypto
Alex Dovbnya Duke professor says that cryptocurrency industry has failed inflation hedge test while criticizing Lummis-Gillibrand crypto bill Lee Reiners, a former employee of the Federal Reserve Bank...