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Finance & Markets

FedNow extension wins support

Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.

We haven't written up this one. Banking Dive has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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It's Not Time to Raise Rates, Says State Street's Hung

State Street Investment Management President and CEO Yie-Hsin Hung says gold and private markets are anchoring many portfolios. Hung says the US economy is in good shape and the Federal Reserve should not raise interest rates this year. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)

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