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For decades, the U.S. dollar has been the world's financial anchor. De-dollarization, rising gold reserves, U.S. fiscal concerns, geopolitical tensions, and changing expectations for Federal Reserve policy have all raised doubts about whether the greenback still behaves like the world's ultimate safe-haven asset. *The U.S. dollar holds roughly 58% of global…

Therefore, we urge the SEC to issue guidance regarding the regulatory treatment of event contracts that reference individual securities, securities indexes, or other related metrics, which will help provide much-needed clarity to investors, market participants, and the public. " Leading prediction market platforms currently offer event contracts that are…

—More gains for makers of computer chips and other AI winners carried Wall Street higher. Brent crude oil’ s price got near $92 for the first time in five weeks because of continued attacks in the war with Iran. That’ s up from less than $72 early this month and helped push Treasury yields higher in the bond market.

The Central Bank of Liberia has cut its benchmark interest rate for the first time this year, expressing confidence that moderating domestic inflationary pressures and stronger macroeconomic fundamentals will support economic recovery despite rising global uncertainty and higher inflation. The Central Bank's Monetary Policy Committee announced…

The following information was released by Alabama Senator Katie Boyd Britt:. She discussed the promising increase in business investment seen in Alabama and around the country, as well as the need for the Federal Reserve to prioritize updating key tailoring frameworks to provide for regulatory certainty. In her first line of questioning, Senator Britt…

Hancock Whitney Corporation, has received regulatory approval or confirmation of non-objection from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Mississippi Department of Banking and Consumer Finance to complete its previously announced proposed acquisition of OFB Bancshares, Inc., parent…

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. The gusher of investment in data centers— likely topping $700 billion this…

KENOSHA, Wis.— People are holding on to their vehicles longer these days, so spending on car repairs is on the rise. By catering to those mechanics, Snap-on has enjoyed steady growth and profitability, despite the challenges facing U.S. manufacturers. This week, the president of the Chicago Federal Reserve Bank, Austan Goolsbee, dropped by Snap-on headquarters in…

After a Grand Island Economic Forum on Thursday, DJ Eihusen said he and other directors of the Fed' s Omaha branch would be touring the Nebraska State Fair grounds. "Inflation's too hot, and it's been over target for too long," said Jeff Schmid, president and CEO of the Federal Reserve Bank of Kansas City. " The Federal Reserve Bank of Kansas City's Omaha Branch hosted the…

When Federal Reserve Chair Jay Powell did not lower interest rates as Trump demanded, Trump's DOJ opened criminal investigations into Powell's testimony about a building renovation. In March, a judge blocked subpoenas because "their dominant purpose is to harass and pressure Powell," and "the Government has offered no evidence whatsoever that Powell…

Hours before Kevin Warsh gave his first congressional testimony as chair of the Federal Reserve on Tuesday, he received some good news. The reprieve was visible not only in the overall inflation measure, which was driven by a steep drop in energy prices after a preliminary truce to end the war with Iran; it was also noticeable in the "core" gauge of the consumer price…

Both Missouri Federal Reserve Bank districts registered slight economic growth in late May and June, while businesses reported climbing costs and tighter profit margins, according to the latest Beige Book report released on Wednesday. In the Eighth District, economic activity increased "slightly" compared with the previous report. The outlook is…

After a Grand Island Economic Forum on Thursday, DJ Eihusen said he and other directors of the Fed' s Omaha branch would be touring the Nebraska State Fair grounds. "Inflation's too hot, and it's been over target for too long," said Jeff Schmid, president and CEO of the Federal Reserve Bank of Kansas City. The Federal Reserve Bank of Kansas City's Omaha Branch hosted the…

When Federal Reserve Chair Jay Powell did not lower interest rates as Trump demanded, Trump's DOJ opened criminal investigations into Powell's testimony about a building renovation. In March, a judge blocked subpoenas because "their dominant purpose is to harass and pressure Powell," and "the Government has offered no evidence whatsoever that Powell…

After a Grand Island Economic Forum on Thursday, DJ Eihusen said he and other directors of the Fed' s Omaha branch would be touring the Nebraska State Fair grounds. "Inflation's too hot, and it's been over target for too long," said Jeff Schmid, president and CEO of the Federal Reserve Bank of Kansas City. " The Federal Reserve Bank of Kansas City's Omaha Branch hosted the…