The Reserve Bank of Australia recently announced that it is holding its interest rates at 4.1% this month, but that doesn't mean will stay steady in the future as the bank's board sees additional rate increases coming. According to a report by the Australian Broadcasting Corporation, in May of last year the cash rate objective was 0.1% in May of last year.
The Federal Reserve Bank of Richmond recently announced that it financial decision makers are expecting the U.S. economy to have less growth than initially expected. According to the report on June 28, nearly 40% of small businesses are anticipating less business spending due to tighter financing.
Federal Reserve Chair Jerome Powell said at a recent Congressional hearing that he thinks digital assets are showing sustainability as an asset class in the U.S.
U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra had some good and not-so-good news for consumers, as well as the tech and banking industries, that he was "pleased" to deliver to congressional representatives last month.
The Federal Reserve Bank of Dallas released its quarterly energy survey on June 23, which found that oil and gas activity was unchanged during the second quarter, while the business activity index dropped to 0, down from 2.1 in Q1.
International Monetary Fund First Deputy Managing Director Gita Gopinath told officials at the European Central Bank Forum on Central Banking 2023 that while some of the key elements of inflation have been contained, others could still cause economic strife.
The Federal Reserve Bank of Kansas City's monthly Services Survey released June 23 said the Tenth District's activity climbed rapidly in June, but expectations of future activity decreased slightly.
Rohit Chopra, the director of the Consumer Finance Protection Bureau, made his opening statements to the Senate Committee on Banking, Housing and Urban Affairs on June 13, where he reported that the CFPB is continuing to ensure that consumers are protected while preparing for the future.
J.P. Morgan Securities Services has launched its Sustainable Investment Data Solutions for institutional investors, available through Fusion by J.P. Morgan.
Moody's Investors Service said if the U.S. does not implement comprehensive digital asset regulations, companies and investors might look to other jurisdictions that have those guidelines in place. Moody's report came shortly after lawmakers held a hearing to discuss the draft of a bill that would fill in regulatory gaps for the digital asset industry.
The Federal Reserve Bank of Dallas released its Texas Employment Forecast on June 16, indicating that jobs will increase 2.8% in 2023, with an 80% confidence band of 2.2 to 3.3%, which was up from the previous month’s forecast of 2.6% growth.
In its most recent policy review, the Monetary Policy Committee for the Reserve Bank of India (RBI) chose to keep a key short-term policy rate, the repo rate, steady at 6.50%.
Borrowing costs in the U.K. have risen above the levels hit during Liz Truss’s stint as prime minister, despite stronger-than-expected job and salary reports, which had reinforced expectations that the Bank of England could raise interest rates.
Federal Reserve Chair Jerome Powell, in a press conference held on June 14, 2023, laid out a roadmap for the Federal Reserve's strategic response to the ongoing inflation situation.
Brian Quintenz, the head of policy at Andreessen Horowitz and a former CFTC commissioner, said that if the U.S. Securities and Exchange Commission (SEC) continues targeting crypto companies, the U.S. could lose out on the benefits that blockchain technology could bring to multiple industries.
RBI Gov. Shaktikanta Das said that India’s Monetary Policy Committee opted to maintain the benchmark repo rate for a second consecutive meeting, BQ Prime reported on June 8.
Crypto insider Edward "Coach" Weinhaus said that the Securities and Exchange Commission's allegations regarding Binance's operations could be advantageous to Wall Street.
