Politics

Daley from the Fed: High inflation has lasted too long

According to Daley, Fed officials hope to reach the 2.5% rate by the end of the year. She also called for reaching the target neutral rate as soon as possible.

Daley expects at least a "couple" of 50 basis point hikes in the near future. However, she did not venture to make any predictions about future meetings due to the uncertainty of the statistics.

Daly sees no signs of recession in the US economy. Also, in her opinion, there are no signs of an inflation and wage spiral either.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

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