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Federal Reserve Alert! Governor Lisa D. Cook (in first speech as governor): 'inflation is too high, it must come down, and we will keep at it until the job is done.'

Source: https://www.federalreserve.gov/newsevents/speech/cook20221006a.htm Other callouts in her speech: Despite a large drop in the number of job openings in August, which may suggest that labor demand is moderating, there is still an unusually high 1.7 job openings per unemployed job seeker. Meanwhile, layoffs

Unemployment Alert! In the week ending October 1, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 29,000 from the previous week's revised level.

Source In the week ending October 1, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 29,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 193,000 to 190,000. The

Amazon's 'Buy' button for digital content is a scam, you are not provided ownership of the content you buy. Remember, if you can't sell your items, you don't own them. NFTs and the GameStopNFT marketplace fix this!

Federal Reserve Alert! Governor Philip N. Jefferson: 'Restoring price stability may take some time and will likely entail a period of below-trend growth.'

Governor Philip N. Jefferson: 'Restoring price stability may take some time and will likely entail a period of below-trend growth. However, I want to assure you that my colleagues and I are resolute that we will bring inflation back down to 2 percent.' Source: https://www.federalreserve.gov/

U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases. What's next? A call for more QE?

Source: https://www.wsj.com/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202 Reddit Post

SEC Alert! Gary Gensler: 'Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities...

SEC Alert! Gary Gensler: 'Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities. Given that most crypto tokens are securities, it follows that many crypto intermediaries are transacting in securities and have to register with the SEC in some capacity'

With Credit Suisse possibly on the brink, the Office of Financial Research from this week: When choosing counterparties, banks tend to pick riskier ones and do not hedge such exposures.

These exposures are correlated with systemic risk measures despite greater regulatory oversight after the crisis. Source: https://www.financialresearch.gov/working-papers/files/OFRwp-22-06_counterparty-choice-bank-interconnectedness-and-bank-risk-taking.pdf Abstract We investigate whether banks’ counterparty choices in OTC derivative markets contribute to network fragility. We use novel confidential regulatory data and show that banks