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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 Tumble as Powell’s Pivot Boosts Hike Wagers: Markets Wrap

    (Bloomberg) -- Stocks sank 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 DebateIn a wild trading session for markets, the Treasury curve flattened sharply -- with the premium of the 30-year rate over the five-ye