The Consumer Price Index rose 0.3% in June after rising 0.2% the previous month and increased 2.7% over the past year, the Labor Department said. Year-on-year core CPI — which excludes more volatile food and especially energy prices — posted a 2.9% gain. The energy index decreased 0.8% while the food index increased 3%.
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...









