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Tag Archives: Federal Reserve

Richmond Fed Manufacturing Index Plunges

The Federal Reserve Bank of Richmond Survey of Manufacturing Activity’s composite index declined to a reading of 9 in August from 27 in July, data showed on Tuesday. The reading indicates a slowdown in manufacturing activity to its lowest level since June 2020. The shipments index also decreased to 6 …

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Fed Growing Worried of Stablecoins Risks and Fragility

The U.S. Federal Reserve is seemingly concerned about the risks of stablecoins, with potential threats to financial stability. Minutes of the Fed’s July meeting, released earlier today, showed that members of the Federal Open Market Committee (FOMC) believe that significant structural vulnerabilities remained at entities such as prime money funds. …

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