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The Federal Reserve is expected to pause hiking interest rates at the conclusion of Wednesday’s meeting marking the end to 10 straight increases which have driven borrowing costs above 5% squeezing consumers and creating headwinds for the economy. Despite the pause, Americans are unlikely to see any relief according to…

Even though about 75% of financial professionals say workers should invest bonuses in their 401(k) plans, only 17% of employees do so, according to a recent survey by Empower.  Nonetheless, bonus amounts vary widely. When asked how much they received in bonus payments, 36% of respondents said less than $500,…

Disruptions at West Coast ports, particularly the major California hubs at the Ports of Long Beach and Los Angeles, and ongoing labor negotiations have raised concerns about supply chain woes hitting the U.S. economy during the peak shipping season. The U.S. Chamber of Commerce, the largest trade group representing American…

US House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.The draft legislation in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as a security or a commodity and regulate exchanges among other…

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