Tag: Federal Reserve
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Fed Chair Powell ‘disinflationary process’ comment launches ‘year of opportunity’
Comments made Tuesday by the Federal Reserve’s Chair regarding disinflationary process are likely to “kick start a year of important opportunities” for global investors, predicts the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations. The bullish prediction from deVere Group’s Nigel Green comes after Jerome Powell…
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The Fed’s Cure Risks Being Worse Than the Disease
(Bloomberg Opinion) March 27, 2020 — The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve (Fed) getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded funds…
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The fastest growth in decades: Investors top-up portfolios – but in what stock?
The time is now for investors top-up their portfolios – in both value and growth stocks – ahead of a stronger than expected global economic rebound, says the CEO of one of the world’s largest independent financial advisory organisations. The bold ‘call to action’ from Nigel Green, chief executive and founder of deVere Group, comes…
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Volante to Help Shape the Future of Instant Payments
NEW YORK, Feb. 1, 2021 /PRNewswire/ — Volante Technologies, the global leader in cloud payments and financial messaging, today announced their participation in a pilot program for the Federal Reserve’s upcoming instant payments offering, the FedNowSM Service. The offering highlights the industry’s charge to provide American consumers and businesses with instant payments services that deliver control, convenience and certainty. In the U.S., Volante…
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Federal Reserve announces FedNow Community
CHICAGO, May 6, 2020 – The Federal Reserve Banks today announced the formation of a FedNow Community group for their upcoming instant payment offering, the FedNow Service. Despite the challenges that have come with the coronavirus, work on the FedNow Service remains on schedule for a 2023 or 2024 service launch. “While we work to…
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New York Fed’s Money and Payment Studies on Cryptocurrencies
Bitcoin and other “cryptocurrencies” have been much in the news lately, in part because of their wild gyrations in value. Michael Lee and Antoine Martin, economists in the New York Fed’s Money and Payment Studies function, have been following cryptocurrencies and agreed to answer some questions about digital money. Q: Let’s start simply. What even…
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Fed Interest Rate Quandry
“Americans have had seven weeks to adjust to December’s rate increase and many will be relieved by today’s outcome. Today’s decision to hold rates at 0.5% came as no surprise. December’s rate rise – the first in nine years – was considered a ‘close call’ by some members of the Federal Open Market Committee, and…
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The Next Thing Might Be Helicopter Money
James Grant, Wall Street expert and editor of the investment journal Grant’s Interest Rate Observer, warns of ever more extreme central bank policies and bets on the comeback of gold. The global financial markets are under severe stress. The postponed interest rate hike in the United States, the fast cooldown of the Chinese economy and…