The Federal Reserve is among Western central banks fighting stubbornly high inflation. Xinhua News Agency | Xinhua News Agency | Getty Images For the first time in years, Americans are in a period of rising interest rates. The Federal Reserve on Wednesday raised its benchmark rate a half-point, to cool down inflation that’s the highest
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Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings,” the lawmakers wrote.
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In our first-quarter municipal (muni) bond outlook, the twin risks of higher inflation and rising interest rates were a key focus.  We maintain now, as we did then, that these risks could also present opportunities in certain corners of the fixed-income market, especially among shorter-duration municipal bonds.  At the end of 2021 into the early
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Boris Johnson will face renewed pressure on his leadership on Friday after the Conservatives suffered significant defeats in local elections across the UK, including losing the flagship London council of Wandsworth. Labour won the borough beloved of former prime minister Margaret Thatcher for its ultra-low local tax rates after 44 years in Tory hands, but
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Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for the National Association of Realtors explains, there are significant questions regarding the sector’s direction over the coming months. “Housing kept the
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Puerto Rico Gov. Pedro Pierluisi halted collections of a gasoline and diesel tax for 45 days, in a step that may lead to conflict with the Oversight Board and may run afoul of a revenue provision in the bond restructuring law. Pierluisi signed the moratorium late Tuesday. In late March, Board General Counsel Jaime El
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