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U.S. banking system 'extraordinarily' sound – really? – Workers World

Jamie Dimon is Chief Executive Officer of JPMorgan Chase, the largest U.S. bank with over $3.7 trillion in global assets and the world’s largest bank by market capitalization, i.e., stock value. Dimon made headlines May 1, with a pronouncement: “The American banking system is extraordinarily sound.” Dimon had reportedly stayed… ....

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Fed hikes key rate by 0.25 point, hints at pause in inflation battle

The U.S. Federal Reserve has raised its benchmark interest rate by 0.25 percentage point, pressing on with its aggressive monetary tightening campaign to curb decades-high inflation, but signals a pause in its cycle of rate hikes may come soon ....

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Kyodo News Digest: May 4, 2023

The following is the latest list of selected news summaries by Kyodo News. ....

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Impact of First Republic Bank's collapse

The First Republic Bank has gone under. It’s now the third bank to collapse this year. ....

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RBA makes latest cash rate call

The central bank’s monetary policy board has announced its cash rate decision amid mixed signals from the domestic and global economy. ....

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