The takeaway … Back on 25 October 2023, the Board of Governors of the Federal Reserve System voted to reduce the cap on the interchange fee, a fee received by debit card issuers. 12 CFR 235.2(j) defines the interchange fee as “any fee established, charged, or received by a payment card network and paid by … Continue reading A reduction in the interchange fee cap may not hurt debit card transactions activity….
We are in the quiet period here in the United States where the Federal Reserve conducts its media blackout prior to its next Federal Open Market Committee meeting. The markets are expecting at least one more change in the federal funds rate, the rate at which member banks lend each a portion of the reserves … Continue reading What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?
Watching a television commercial featuring an attorney claiming how much money he can win for you in a personal injury suit or seeing a billboard featuring extravagantly dressed attorneys standing in front of a Rolls Royce is enough to give consumers the impression that attorneys are nothing but ambulance chasers. I can see why the … Continue reading The attorney’s role in a political economy goes beyond chasing ambulances ….
Black Americans have been making arguments about reparations for slavery for decades. The argument that the United States owes the descendants of Africans brought to the United States is a powerfully emotional one. Today’s Blacks are either descendants of African indentured servants who saw their contracts for freedom broken by wealthy Anglo-Saxon landowners, merchants, or … Continue reading How do Blacks navigate a currency system they did not create? By showing they know the currency system better than anyone else.
From a political standpoint, this narrative is far more powerful than anything either Republicans or Democrats can come up with. Can the U.S. government subsidize the shortfall in capital accumulation that a pensioner will need to sustain themselves? This is the question often overlooked as America moves closer to mid-century. Continue reading Just how much does it take to retire?
If you don’t want to be on the consumed side of government (and we do not have to be), then how should you negotiate with government and what type of government should you be voting for? Continue reading Biden pushes consumption not wealth creation
I don’t know about you, but it can be annoying to get hit with requests to connect by someone who is ready to show me how to trade options or forex. They provide you with a backstory that is likely fake; show you printed checks or balance sheets that you cannot corroborate; or show you websites filled with red and green Japanese candlesticks containing likely phony information. Continue reading Is your introducing broker (IB) registered?
Currency pair Federal Reserve System(1) x-rates.com OANDA EUR/USD 1.0887 1.0931 1.0944 GBP/USD 1.2701 1.2635 1.2737 AUD/USD 0.6687 0.6609 0.6694 NZD/USD 0.6149 0.6076 0.6173 CHF/USD 1.1137 1.1137 1.118 JPY/USD 0.0070 0.0069 0.0070 Rates reflected in American terms. (Are you ready to take trading to the next level? http://toptiertrader.com/?ref=1449) Today’s definition: Retail foreign exchange dealer Investopedia offers … Continue reading Interbank market news scan: Foreign exchange rates as of 8:43 am EST
Lawyers Write the Bets. Bankers Sell the Bets. 