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CFTC to Hold a Commission Open Meeting on November 1.

CFTC to Hold a Commission Open Meeting on November 1 to Consider a Proposed Rule on Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations.

Virtual Viewing/Listening Instructions: To access the live meeting feed, use the dial-in numbers below or stream at CFTC.gov. A live feed can also be streamed through the CFTC’s YouTube channel. Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable. Materials
dismal-jellyfish 📰 News
Fed logo

The Fed requests comment on a proposal to lower the maximum interchange fee. For example, the cap on an average-sized $50 debit card transaction would decline from 24.5 cents under the current rule to 17.7 cents under the proposal.

Summary of Proposed Rule: Congress has required the Board to establish standards for assessing whether the amount of any interchange fee received by a debit card issuer is reasonable and proportional to the cost incurred by the issuer with respect to the debit card transaction. The statutory provision – known as
dismal-jellyfish 📈 Macroeconomics
Bank of Canada holds interest rates

Inflation Alert! The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5% and is continuing its policy of quantitative tightening.

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy is slowing and growth is forecast to moderate further as past increases
dismal-jellyfish 🌡️ Inflation
Hedge Fund Industry Asset Flow Report: August 2023

August was the 15th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $6.10 billion from hedge funds in August. Since 1/1/2022, Investors have removed $169.68 billion from hedge funds.

Hello, I hope your Tuesday is off to a great start! A quick fun fact before getting started: October 24th is the anniversary of the first transcontinental telegraph (completed October 24, 1861).   The inaugural message going 'coast to coast' for the first time was from Stephen J. Field
dismal-jellyfish 📈 Macroeconomics
Closed Board Meeting on October 23, 2023

Government in the Sunshine Meeting Notice! Today, the Fed held a CLOSED meeting as it was determined the public interest did not require opening the meeting for review & determination of the advance & discount rates charged by the Fed.

TLDRS: * Today, the Fed held a CLOSED meeting as it was determined the public interest did not require opening the meeting. * Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. Reddit Post
dismal-jellyfish 📰 News