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Inflation Alert! In light of 9.1% CPI, revisiting this nugget 5 months ago from Fed Governor Christopher J. Waller:

Inflation Alert! In light of 9.1% CPI, revisiting this nugget 5 months ago from Fed Governor Christopher J. Waller: 'As for what inflation does next, I think anyone who makes a forecast has to own the fact that very few of us foresaw how much inflation would increase

SEC Alert! SEC Adopts Amendments to Proxy Rules Governing Proxy Voting Advice Amendments Address Concerns by Investors and Others Regarding Rules That May Impair the Timeliness and Independence of Proxy Voting Advice.

Source: https://www.sec.gov/news/press-release/2022-120 The final amendments rescind two rules applicable to proxy voting advice businesses that the Commission adopted in 2020. Specifically, the final amendments rescind conditions to the availability of two exemptions from the proxy rules’ information and filing requirements on which proxy voting

Ruh Roh! Mortgage Applications Decrease in Latest MBA Weekly Survey: -4% week-to-week, -18% year-over-year ( below 2008 levels ), 4 week moving average down -17.25%.

Ruh Roh! Mortgage Applications Decrease in Latest MBA Weekly Survey: -4% week-to-week, -18% year-over-year ( below 2008 levels ), 4 week moving average down -17.25%. After reaching a record $460,000 in March 2022, the average purchase loan size was $415,000 last week. Source: https://www.mba.org/news-and-research/newsroom/

Inflation Alert! The purchasing power of the dollar goes WHOOSH!!! In June, the purchasing power of $100 in January 2000 dropped to $56.90.

Inflation Alert! The purchasing power of the dollar goes WHOOSH!!! In June, the purchasing power of $100 in January 2000 dropped to $56.90. Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your labor. Reddit Post

Today, the U.S. Office of Financial Research published a working paper, "Central Bank Digital Currency: Stability and Information."

Source: https://www.financialresearch.gov/working-papers/2022/07/11/central-bank-digital-currency/ This working paper identifies two ways a CBDC may enhance rather than weaken financial stability. First, banks do less maturity transformation when depositors have access to CBDC, reducing their exposure to depositor runs. Second, monitoring the flow of funds into

Federal Reserve Alert! Naureen Hassan Resigns as First Vice President and Chief Operating Officer. She will be leaving the New York Fed in September 2022.

Source The Federal Reserve Bank of New York today announced that Naureen Hassan has stepped down from her role as First Vice President and Chief Operating Officer. She will be leaving the New York Fed in September 2022 for a senior leadership role in the private sector and in the