BAFT—the American Bankers Association’s global transaction banking subsidiary—and the business-to-business financial technology firm Trade Finance Global today announced a jointly produced guide on letters of credit during the BAFT International Trade and Payments Conference in Washington, D.C. The guide—”Everything you need to know about letters of credit: A comprehensive guide to Documentary Credits”—seeks to demystify letters of credit by clarifying the basics of the tool and breaking down the intricacies of when to use certain documents.
New York Fed: Consumer inflation expectations held steady in May
Consumer household inflation expectations in May decreased at the short-term horizon and remained unchanged at the medium- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.
