The New York Fed's Survey of Consumer Expectations indicated that one-year inflation expectations rose to 3% in March, with gas price expectations jumping to 9%, the highest since March 2022.
Ryan's push for aggressive enforcement clashed with SEC leadership, leading to her resignation. The agency's current approach requires political appointees to approve investigations into their allies.
We look at risk, at the broad range of outcomes, and there are negative outcomes. One of them would be inflation, I call it the skunk at the party. It's been coming down, but it seems to maybe have levelled off around 3%. If things make it go up-and this is only one thing, you can look at medical prices, construction prices, insurance prices, wages-inflation is a big thing.
According to the senators, Binance compliance personnel uncovered evidence last year that roughly $1.7 billion in digital assets had been routed through the exchange to Iranian entities, including the Iran-backed Houthis and the Islamic Revolutionary Guard Corps. In one instance, a Binance vendor allegedly moved $1.2 billion in funds connected to Iran-linked actors.
As audit committees confront a rapidly expanding risk landscape, their role in corporate governance is being reshaped. Boards have often turned to current and former CFOs as independent directors, particularly for audit committees, because of their ability to translate complex operational and financial realities into effective oversight.For example, this month, J. Michael Hansen, former EVP and CFO of Cintas Corporation, was appointed to the audit committee at Paychex.
Interoperability is something the title industry needs now more than ever. Our clients consistently tell us that being able to work with the banks, the underwriters and the technology providers they trust most often on a file-by-file basis is critical to their success, he said. That usually means something different from business to business, market to market and order to order. One firm may need one combination of technologies and underwriters for their needs, while the next may want a completely different blend.
The GENIUS Act was designed to keep stablecoins as payment tools rather than savings products. As a result, it bans issuers from paying interest or yield to stablecoin holders. Community banks argue that a loophole exists because exchanges and affiliated partners can still offer rewards on stablecoin balances, even if the issuer itself does not pay yield. Smaller banks are more concerned than large banks because they rely heavily on local deposits.
Bessent told host Maria Bartiromo that the recent volatility and developments in crypto markets really show the need for legal certainty. "What we're seeing in the crypto market over the past few months means more than ever that the U.S. needs market structure, we need clarity, and we need to get this across the line this spring," he said. Bessent acknowledged resistance from some quarters but said he remains optimistic that Congress can bring the bill back for a markup session.