# IMF reiterates more oversight for crypto in latest report on financial stability

# IMF reiterates more oversight for crypto in latest report on financial stability

“# IMF reiterates more oversight for crypto in latest report on financial stability ” The International Monetary Fund’s Financial Stability Board said the growing adoption of cryptocurrencies could potentially increase the risks to the global economy. In its Global Financial Stability Report released on Oct. 12, the International Monetary Fund, or IMF, said the adoption…

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#New jobless claims fall for first time in a month

#New jobless claims fall for first time in a month

“#New jobless claims fall for first time in a month” The number of Americans newly seeking jobless benefits fell last week for the first time in about a month as the labor market continued its recovery amid declining COVID-19 cases, the feds said Thursday. Initial filings for unemployment benefits, seen as a proxy for layoffs, fell to…

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#Chip shortage expected to cost auto industry 0 billion

#Chip shortage expected to cost auto industry $210 billion

“#Chip shortage expected to cost auto industry $210 billion” The semiconductor chip shortage that’s roiled the global car market is now expected to cost the industry $210 billion in revenue this year, consulting firm AlixPartners said Thursday. The revised forecast is nearly double the New York-based firm’s projections from May, when it expected to see…

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#Fed foresees a potential rate hike as soon as next year

#Fed foresees a potential rate hike as soon as next year

“#Fed foresees a potential rate hike as soon as next year” The Federal Reserve signaled Wednesday that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago and a sign that it’s concerned that high inflation pressures may persist. In a statement, the Fed also said it will likely…

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#Afghanistan on brink of economic and humanitarian collapse

#Afghanistan on brink of economic and humanitarian collapse

“#Afghanistan on brink of economic and humanitarian collapse” KABUL, Afghanistan — Ever since the Taliban took over Afghanistan’s capital on Aug. 15, the country’s already fragile economy has spiraled into despair. Foreign assistance, which previously propped up the nation of 38 million, was immediately frozen. The US halted $9.4 billion in reserves to the country’s…

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#Inflation surges as prices spike, settling at high pace

#Inflation surges as prices spike, settling at high pace

“#Inflation surges as prices spike, settling at high pace” Inflation continued to surge in August, but appeared to settle at nearly the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Tuesday. The Labor Department’s Consumer Price Index, which measures a basket of goods and services as…

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