Federal Reserve
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10-year Treasury yield hits 5.23%, highest since 2007, as rate-hike bets build
The benchmark yield rose from just under 4.8% earlier in September as oil neared $100, a manufacturing gauge beat forecasts and consumers’ year-ahead inflation expectations jumped…
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Fed proposes reserve and capital rules for bank-backed stablecoin issuers
The Federal Reserve’s GENIUS Act proposals would require full backing with cash-like assets and set capital charges that rise with the number of coins in circulation.
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