With prices rising and economic growth slowing, many investors are looking to the past in a bid to divine where U.S. markets might be headed next. In both periods energy prices, inflation expectations and bond yields rose, alongside anemic growth and central banks moving toward tighter monetary policy.
G7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said.
G7 finance officials on Wednesday endorsed 13 public policy principles for central bank digital currencies, saying such currencies should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said.
- Group of Seven advanced economies said on Wednesday that any digital currency issued by a central bank must "support and do no harm" to the bank's ability to fulfill its mandate on monetary and financial stability, and must also meet rigorous standards.
With prices rising and economic growth slowing, many investors are looking to the past in a bid to divine where U.S. markets might be headed next. In both periods energy prices, inflation expectations and bond yields rose, alongside anemic growth and central banks moving toward tighter monetary policy.
Sri Lankan shares slumped nearly 1.5% on Wednesday, weighed down by losses in heavyweight financial and industrial stocks, a day before the central bank's monetary policy review decision on interest rates. * The CSE All-Share index ended 1.48% lower at 9,497.49. * Conglomerates LOLC Holdings and Expolanka Holdings were the top drags on the index, falling 2.5% and 1.6%, respectively.
JPMorgan Chase & Co (JPM) beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.
-JPMorgan Chase & Co (JPM) beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.
St. Louis Fed Bank President James Bullard said on Tuesday that he supports the Fed's starting to taper its asset purchases next month and ending them by next spring so that the U.S. central bank could raise interest rates to tamp down on inflation if it needs to.
U.S. inflation is elevated but it is not at the point where it would affect the Federal Reserve's stance on interest rates, Atlanta Fed Bank President Raphael Bostic said on Tuesday, adding he still expects it will be more than a year before the central bank raises rates from near zero levels.
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