The Federal Reserve raised its policy interest rate by a quarter percentage point May 3, citing the need to address high inflation and achieve price stability.
The US economy exhibited continued strength in Q1 2023, with real GDP increasing 1.1% at an annual rate and employers adding an average of 345,000 payroll jobs per month, according to the US Treasury Department.
The Congressional Budget Office (CBO) has warned of a significantly increased risk that the US Treasury will run out of funds in early June due to lower-than-anticipated tax receipts through April.
More than 50 individuals and entities associated with an international money-laundering network that supports a financier for Hizballah have been blacklisted by the U.S. Department of the Treasury.
The regulation of centralized marketplaces is not a new concept, and lessons learned from those marketplaces can be adopted by the cryptocurrency industry, according to the global head of a cryptocurrency exchange.
If enacted, the "Limit, Save, Grow Act of 2023" could negatively affect near-term economic growth, with real GDP being 0.65 percentage points lower in the year ending in the fourth quarter of 2024 compared to a scenario with a clean debt limit increase.
