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After months of meetings with industry experts and AI critics, four U.S. senators published what they say is a comprehensive roadmap for maintaining U.S. leadership in AI development.
Switzerland plans to adopt global standards for crypto tax reporting, joining the Crypto-Asset Reporting Framework to improve transparency.
The SEC’s proposed crypto custody rule and its “hostility” to the industry aren’t in Joe Biden’s “best interests,” Representative Wiley Nickel told Gary Gensler.
According to Odaily News: Federal Reserve official, Neel Kashkari, has suggested that it might be prudent to keep interest rates at their current levels for the time being. This approach could provide the necessary time and data to discern the future trajectory of inflation. In addition, Kashkari highlighted that the progression of the Fed's balance sheet reduction is satisfactory and reaffirmed the institution's commitment to achieving its inflation target of 2%.
SPY jumps 1% after U.S. reported inflation was the slowest in three years.
Shelter costs continued to pressure inflation in April, but a moderation continues and economists expect these pressure to ease in the months ahead.
– U.S. inflation slowed marginally in April, while the gauge of core prices closely watched by the Federal Reserve decelerated slightly but remained stubbornly...
Credit Agricole (OTC:CRARY)'s FAST FX model indicated that the EUR/JPY currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimated that the...
Stocks got a big boost from a softer-than-expected April inflation report, which showed slowing price pressures across the board.
The benchmark 10-year U.S. Treasury yield dropped to its lowest in a month on Wednesday ahead of the release of closely watched U.S. inflation data. The 10-year Treasury yield dropped to as low as 4.418%, its lowest since April 10, and was last down 2 basis points at 4.424%. U.S. consumer price data is due at 1230 GMT and will drive near-term Federal Reserve policy, and hence Treasuries.
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