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  • Reuters

    UPDATE 1-Fed's Clarida says high inflation seen this year is 'not a success'

    Federal Reserve officials are not happy with elevated inflation running above the central bank's 2% target and it would not be a success for those inflation levels to be repeated next year, Fed Vice Chair Richard Clarida said on Tuesday. "No one is happy when inflation is running at 4% or 5% when our goal is 2%," Clarida said during a conversation with Cleveland Fed President Loretta Mester. Several Fed officials, including Fed chair Jerome Powell, have said inflation is likely to persist for longer than they initially expected.

  • BeInCrypto

    New U.S. Tax Infrastructure Bill Could Cause Headaches for Taxpayers

    President Joe Biden’s Tax Infrastructure Bill, designed to bring in $28B over a decade, omits intricacies associated with cryptocurrency taxation.

  • Bloomberg

    Stocks Slump as Powell’s Pivot Boosts Hike Wagers: Markets Wrap

    (Bloomberg) -- Stocks slumped after Federal Reserve Chair Jerome Powell weighed an earlier end to bond tapering, with traders boosting their wagers on the pace of interest-rate hikes.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateThose bets pushed the Treasury curve to its flattest level since the onset of the pandemic, with the premium of the 30-year rate