Tag: Federal Reserve
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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…
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The Federal Reserve Speculation
The most common form of arbitrage to remove the effect of taxation is to deal in the cash market, black market or free market. This includes smuggling and other dealings with contraband. Here, the cost of arbitrage may be very great as it can include the risk of government fines and imprisonment. There is also…
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The Fight Between Greed and Gravity
Time to choose between greed and gravity I have the best job in the world; there is no doubt about it. I get paid to manage other people’s money. It is stressful and humbling. It can also be energizing, as there is no better feeling than being thanked by someone who we helped build a…