-
The market’s continued focus on information suggesting a shift toward a more accommodative monetary policy, paired with its tendency to overreact to any hint of such easing, spawns a self-perpetuating cycle that poses a complex challenge for policymakers. This cycle unfolds as follows: anticipated lower rates drive up asset markets, increased wealth and ...
-
Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...