Federal Reserve: There is no need to adjust interest rates in the short term and the task of lowering inflation has not yet been completed

Snippet of Article: "...latest U.S. Consumer Price Index (CPI) data released on Wednesday, which showed a 0.4% increase in month-on-month inflation and a 3.5% rise compared to the previous year. Core CPI, which excludes volatile food and energy prices, also saw an increase of 0.4% month-on-month and 3.8% year-on-year. These figures exceeded market expectations and underscored the challenge faced by the Fed in managing inflationary pressures. The overall inflation rate of 3.5% is the highest level since ..."

Source: www.breakinglatest.news

Inflation,2024,Federal Reserve,Interest Rates,The Biden Years,Consumer Price Index (CPI),CPI,

---

Federal Reserve believes we need more interest rate hikes

Snippet of Article: "Bowman’s position is resolute: the solution may well involve elevating interest rates and maintaining them at a more stringent level. ...data stream continues to show lackluster progress towards achieving the 2% inflation goal, Bowman has signaled her inclination to endorse an interest rate increase in the foreseeable future...."

Source: www.cryptopolitan.com

Inflation,Interest Rates,Federal Reserve,

Federal Reserve to launch instant payment service 'FedNow' (A Fee Service)

Snippet of Article: "The instant payment network will settle payments in seconds, with the capability to support consumer-to-consumer, consumer-to-merchant, merchant-to-merchant, and bank-to-bank transactions. "With the FedNow Service, the Federal Reserve is creating a leading-edge payments system ...we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service...You Can Download: FedNow Service Readiness Guide (Off-site) ...FedNow Service 2023 Fee Schedule"

Source: www.aol.com

FedNow, Federal Reserve, Instant Payment Service (Federal Reserve), Cash vs Cyber-Money, Currency vs Electronic Money Control,