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.comThursday, March 16, 2023
Federal Reserve to launch instant payment service 'FedNow' (A Fee Service)
Tuesday, March 14, 2023
Feb. CPI | Inflation Pulls Back to 6% as Fed Confronts Bank Failures
Inflation Pulls Back to 6% as Fed Confronts Bank Failures
Snippet of Article: "Elevated inflation cooled modestly in February, as the Federal Reserve faces dual threats of rising prices and financial instability. The consumer-price index, a closely watched inflation gauge, rose 6% in February from a year earlier, versus a 6.4% gain the prior month, the Labor Department said Tuesday, the slowest pace since September 2021. The smaller increase comes as the Fed contemplates its next interest rate move while confronting price pressures and bank failures. ..."
Source: www.wsj.comUSPS | NPMHU members ratify 2022 Collective Bargaining Agreement (CBA)
NPMHU members ratify 2022 Collective Bargaining Agreement (CBA)
MAIL HANDLERS RATIFY 2022 NATIONAL AGREEMENT
The terms of the 2022 National Agreement between the NPMHU and the U.S. Postal Service were officially ratified on March 13, 2023. The certified results show that over 84% of the membership approved the new contract, with the final vote tally at 6,617 in favor of ratification and 1,237 in opposition to ratification.
Further details about the implementation of the 2022 National Agreement will be provided to Local Union officers and representatives in the coming weeks. All members are encouraged to retain and utilize their copy of the ratification booklet until National Agreements are printed and distributed.