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  • Navigating Monetary Policy Through The Fog Of COVID, Federal Reserve Governor Lael Brainard, At The Perspectives On The Pandemic Webinar Series, Hosted By The National Association For Business Economics, Washington, D.C. (Via Webcast)

    Date 14/07/2020

    The COVID-19 contraction is unprecedented in modern times for its severity and speed. Following the deepest plunge since the Great Depression, employment and activity rebounded faster and more sharply than anticipated. But the recent resurgence in COVID cases is a sober reminder that the pandemic remains the key driver of the economy's course. A thick fog of uncertainty still surrounds us, and downside risks predominate. The recovery is likely to face headwinds even if the downside risks do not materialize, and a second wave would magnify that challenge. Fiscal support will remain vital. Looking ahead, it likely will be appropriate to shift the focus of monetary policy from stabilization to accommodation by supporting a full recovery in employment and a sustained return of inflation to its 2 percent objective.

  • SEC Charges Wind Turbine Company And Individuals With Defrauding Investors

    Date 14/07/2020

    The Securities and Exchange Commission today announced charges against Thunderbird Power Corp., an Arizona-based company claiming to be developing a wind turbine technology, and three individuals for defrauding investors out of more than $1.9 million in the unregistered offer and sale of Thunderbird stock.

  • CFTC To Hold Open Commission Meetings On July 22 And 23

    Date 14/07/2020

    Commodity Futures Trading Commission Chairman Heath P. Tarbert announced the CFTC will hold open meetings on July 22 and 23. The meetings will be held via conference call in accordance with the agency’s implementation of social distancing due to the COVID-19 (coronavirus) pandemic.

  • BIS: CPMI Report Identifies Steps To Enhance Cross-Border Payments

    Date 14/07/2020

    • The CPMI report comprehensively sets out the necessary elements to improve cross-border payments to make them faster, cheaper, more transparent and inclusive.
    • The CPMI is committed to taking a leading role in developing and implementing a global roadmap as part of the G20's mission to tackle this multidimensional task.
    • Resolving the longstanding frictions and challenges in cross-border payments would boost global trade, development and economic growth.

  • ICE ETF Hub Has Record Notional Volume In The Second Quarter - Continues To Build Member Community

    Date 14/07/2020

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE ETF Hub had record notional volume of $148 billion in the second quarter of 2020, compared to $137 billion in the first quarter, an increase of 9%.


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