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Citing Peter Thiel's $5 Billion Roth IRA, the House Ways and Means chairman is working on legislation to "stop IRAs from being exploited."
Majority consensus projects two interest rate hikes in 2023, although 7 of 18 FOMC officials would like to raise rates next year.
Non-farm payrolls increased by 850,000 in June, bolstered by strong job gains in leisure and hospitality.
Clients of the bank's Personal Retirement Strategy can make their own 401(k) investments or pay to have their portfolio managed by Merrill.
The Basel Committee on Banking Supervision is planning to assign cryptocurrencies the toughest capital requirements, for fear that the risks to financial stability would be significant if banks expanded their offerings in the volatile market.
Powell plays down inflation concerns, while acknowledging that prices have risen more quickly than expected.
The company made another large investment in the cryptocurrency but could not stop its plunge in value.
The combined company would be the world's biggest insurance broker.
As the economy improves, the FOMC looks at winding down its Covid-related support—and eventually raising interest rates.
Wealthy and lower-income households gained, according to Fed data analyzed by ING.
