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Federal Reserve Bank of Kansas City President Jeff Schmid says the Fed hasn't fulfilled its promise on the inflation side of its mandate at the Richmond Fed's Investing in Rural America conference. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
EUR/USD extends its decline on Thursday, falling to its lowest level since May 2025 and setting a fresh year-to-date low as the US Dollar (USD) remains firmly supported by elevated US Treasury yields…
Wall Street’s main indexes slipped on Thursday as a deepening bond selloff drove Treasury yields to multi-decade highs, outweighing gains in software stocks.
