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Sheppard Mullin Richter & Hampton LLP

Trump to Nominate Stephen Miran to Federal Reserve Board of Governors

On August 7, President Donald Trump announced his intent to nominate Stephen Miran, Chair of the Council of Economic Advisers, to the Federal Reserve Board of Governors. If confirmed by the Senate, Miran would replace...more

Ballard Spahr LLP

Fed Resumes Raising Interest Rates With 25bp Bump

Ballard Spahr LLP on

Summary - After pausing last month in its ongoing series of rate increases, the Federal Reserve Board today bumped up its benchmark interest rate, the fed funds rate, by .25% to a range of 5.25% to 5.50%—a 22-year high....more

Ballard Spahr LLP

Fed Implements (Final?) 2023 Interest Rate Hike

Ballard Spahr LLP on

In a continued effort to reduce inflation to its 2 percent target, the Federal Reserve on Wednesday raised the benchmark interest rate another quarter-point, setting it between 5 and 5.25 percent, a 16-year high....more

Opportune LLP

The Fed’s Fight Against Inflation: Is WTI Crude Oil Recession Proof?

Opportune LLP on

How quickly things have changed. Just a year ago, the Federal Open Market Committee (FOMC) gave a picturesque view of the economy. Any inflation was transitory and would likely fall to 2% in 2022. The federal funds rate would...more

ArentFox Schiff

The End of LIBOR: SOFR Updates

ArentFox Schiff on

Previous Repos - In the last Client Alert, it was reported that the New York Fed recently infused approximately $220 billion into the banking system – $70 billion of overnight repos and $150 billion in term repos....more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December....more

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