57 Companies Get On FedNow | Whats Really Going On

We kick off with an overview of the Federal Reserve's 'FedNow', an instant payment system to be used by 57 firms upon its launch in late July, marking a significant step in modernizing payment infrastructure. Meanwhile, Visa's $1 billion acquisition of Brazil's Pismo suggests an easing of the fintech M&A slowdown. We then shift focus to macroeconomic developments, starting with US Treasury Secretary Janet Yellen's anticipated visit to China. As Argentina makes an IMF payment while deal talks continue, we examine what these negotiations could mean for the country's economic future. In the UK, hard-pressed households withdraw a record amount from banks, indicating potential financial stress. We also delve into the changing patterns of international trade and payment systems. In an interesting turn of events, India's refiners have begun making payments for Russian oil imports in yuan, which could have significant implications for global trade and currency dynamics. Next, we share warnings from the Bank for International Settlements on the overdue 'reality check' for the global economy. We look at New Zealand, where high-interest rates have led to a rise in late debt payments, and Turkey's shift to a monetary-tightening era with a significant hike to a 15% interest rate, which, alongside a 35% fall in its trade deficit, signifies a cooling economy. #fednow #techstocks #cbdc TOPICS AND TIMESTAMPS: 57 Companies FedNow 0:00 Where Is This Going? 10:40 ————————————————————————————————— 💵 HOW TO MAKE MONEY ON AMAZON: 💵 👉 👈 ————————————————————————————————— LOOK THROUGH MY BOOKS! MY FAVORITE BOOKS: SUPPORT MY WORK: PAYPAL: ————————————————————————————————— Join the Discord Community: ————————————————————————————————— Sources Used in This Video: ————————————————————————————————— #money #inflation #investing