Fed may trim asset purchases later this year
Minutes from the Federal Reserve's July meeting show officials edging toward reducing the $120 billion monthly Treasury and mortgage bond purchases as the economy nears the Fed’s inflation and employment goals. They caution that rising delta variant cases could delay full reopening and restrain hiring and labor supply.
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Industry Rankings Money Fund Data by iMoneyNet Inc
Industry rankings and data on money market funds provided by iMoneyNet Inc. detailing fund performances, asset ranges, and comparative metrics used by analysts to assess liquidity, yield, and risk characteristics in the sector. Includes methodological notes and references for institutional investors evaluating short term cash vehicles.
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T Mobile Data Breach Exposes Millions Of Personal Records
T Mobile disclosed a breach exposing names, Social Security numbers, and ID information from driver licenses for about 40 million applicants and data for roughly 7.8 million postpaid customers. About 850,000 active prepaid accounts were affected, prompting PIN resets. No phone numbers or financial data were exposed. The firm will offer two years of free identity protection and urges PIN changes for postpaid users.
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Americans tighten wallets as Covid surge dampens July spending
Americans cut spending in July as Covid-19 cases rose, with retail sales down 1.1 percent from June. Clothing, furniture, and sporting goods stores fell while restaurants and bars rose about 2 percent and online sales slipped 3.1 percent. The delta variant likely shifted consumer behavior, slowing online and in-store purchases from earlier pandemic gains.
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