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IMF Governors Approve a Historic US$650 Billion SDR Allocation

SDRs Will Be Credited To IMF Member Countries Washington, DC: The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion)...

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Fed Raises Rates by 75 Basis Points in Largest Hike Since 1994

U.S. Treasury ratesn U.S. Treasury rates briefly moved up after the FOMC embraced a steeper path for interest rate increases, but then reverted lower during Powell’s press conference after he indicated that he doesn’t expect...

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