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17 Sep 2026

Clarity fails, SEC and CFTC responds promptly

The procedural Clarity Act vote failed, with both the SEC and CFTC moving quickly to address parts of the regulatory gap through existing authority, though without the permanence or broader scope that legislation would provide.
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First Fed Hike in three years
The Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75% to 4%, marking its first increase since 2023. The decision was unanimous and reflected continued concern about inflation, which remains above the Fed’s 2% target. Officials also pointed to a strong economy and labor market, as well as higher energy prices and geopolitical tensions, as reasons for tightening policy.Updated Fed projections suggest another rate increase could come later this year, with most officials expecting at least one more hike. The central bank also raised its inflation forecasts and now expects inflation to return to target only by 2029. Markets had largely antic
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