Reposition
The Federal Reserve is the central banking system of the United States comprised on twelve regional Federal Reserve Banks owned by member banks and overseen by an appointed board of governors. The Federal Reserve Bank has a mission of maximizing employment, stabilizing prices, and moderating long-term interest rates, supervising and regulating banks, enabling stability in the US financial system, and facilitating banking services for banks and the government. The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services. The FedNow Service will be deployed in phases, with the initial launch taking place July 2023.
Federal Reserve Bank - Recent News & Articles
The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in March 2020. Chatter has spilled into government and fina...
Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and tr...
Growth in the payments industry, which was once characterized by rapid expansion, is now slowing as the shift from cash to digital payments has reache...
Stripe, the FinTech giant, is reportedly in talks to acquire crypto startup Bridge for $1 billion, according to sources familiar with the discussions....
In a significant move to counteract international sanctions and reduce dependency on the global financial system Swift, Russia has called on BRICS nat...
The European Central Bank on Thursday cut its key interest rate to 3.25%, in its third quarter-percentage-point reduction of the year. The move had be...
China's central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initia...
SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025. Banks i...
The Impact of Two Consumer Classes and the Fed Funds Rate Outlook
After months of business leaders and economists urging action, the People’s Bank of China (PBoC)—the central bank of the world’s second biggest econom...