Long-awaited Fed digital payment system to launch in July
FedNow creates “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin.
For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000.
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF...
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.
The IMF on Tuesday raised its global growth forecast slightly, saying the economy had proven "surprisingly resilient" despite inflationary pressures.
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."