How crypto legislation has banks playing Whac-A-Mole
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- Key Insight: Signs of tensions easing between employment and inflation helped underpin the Federal Open Market Committee’s decision to hold the federal funds rate between 3.5% to 3.75%.
- Expert Quote: “With inflation remaining elevated, the FOMC majority does not appear in any rush to make further rate moves.” — Mike Fratantoni, chief economist at the Mortgage Bankers Association.
- Forward Look: Looking ahead, investors and economists will be watching upcoming economic data for clues on the Fed’s next move. Key indicators include…
