Federal Reserve Alert! Beige Book July 12, 2023: “many contacts reported an inability to fully pass on increased costs to consumers, which has compressed margins.” Is the ‘Greedflation’ Peak in Sight?

by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally observed in consumer services, but some retailers noted shifts away from discretionary spending. Tourism and …

READ MORE

FICC-GOV,FICC-MBS,DTC,NSCC Alert! New Minimum Capital Requirements: the increased capital requirements take effect on August 26, 2023

by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/7/11/GOV1510-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/MBS1248-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/18775-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf Wut mean? The National Securities Clearing Corporation (NSCC), along with the Depository Trust Company (DTC) and the Fixed Income Clearing Corporation (FICC), are increasing their minimum capital requirements for members. These changes were proposed in December 2021 and approved by the U.S. Securities and Exchange Commission (SEC) in …

READ MORE

Inflation Alert! The Reserve Bank of New Zealand’s Monetary Policy Review July: The Official Cash Rate (OCR) held at 5.5%. Employment above sustainable level, Consumer spending slows. Could this be the start of other central banks pausing this time as the Fed take the lead with the July rate hike?

by Dismal-Jellyfish https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. The RBNZ expects the OCR to remain at this level for a while to ensure inflation returns to the target range …

READ MORE

Federal Reserve Alert! Delivery Delay for FedPayments Reporter Reports July 06, 2023 11:27 AM Eastern Time. Affected Areas: FedACH

by Dismal-Jellyfish TLDRS: FedACH, operated by the Federal Reserve, is the primary Automated Clearing House (ACH) service provider in the United States. ACH transactions include direct deposits of payroll, Social Security and other government benefits, tax refunds, and many other types of payment. Since FedACH services are affected, several impacts could occur: Transaction Delays: The …

READ MORE

Florida Issues Statewide Emergency Malaria Alert

The Florida Department of Health issued a statewide alert after four people in Sarasota contracted malaria in locally transmitted cases, coming a day after the U.S. Centers for Disease Control and Prevention issued a similar notice for Florida and Texas. “All individuals have been treated and have recovered. Malaria is transmitted through infected mosquitoes,” Florida’s …

READ MORE

Inflation Alert! Bank of England (50 basis points), Norway Central Bank (50 basis points), Swiss National Bank (25 basis points) all raise interest rates to combat inflation. Remember, JPow told Congress yesterday rate hikes needed here but the Fed is not acting while other central banks are.

by Dismal-Jellyfish Norway: https://www.norges-bank.no/en/topics/Monetary-policy/Monetary-policy-meetings/2023/june-2023/ Policy rate raised to 3.75 percent Norges Bank’s Monetary Policy and Financial Stability Committee decided to raise the policy rate by 0.50 percentage point to 3.75 percent. The Committee’s current assessment of the outlook and balance of risks implies that the policy rate will most likely be raised further in August. Inflation …

READ MORE

President Trump Inadvertently Reveals Why They’re Out to Destroy Him at All Costs [Spoiler Alert: It’s the Same Reason They Assassinated JFK]

Donald Trump is the most persecuted president and candidate in American history. Why are they so afraid of him? Here’s why: https://t.co/VdCoJQCfm7 — Benny Johnson (@bennyjohnson) June 8, 2023 — Mark Meadows Flips on Trump, Agrees to Plead Guilty to Federal Charges in Exchange for Immunity Deal: Report As DOJ Prepares Indictment of Donald J. …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.