Not All Interest Rates May Rise after Liftoff

DAVID ANDOLFATTO | 86 views

On Dec. 16, the Federal Open Market Committee (FOMC) announced an increase in its policy interest rate (the federal funds rate) range from 0-0.25 percent to 0.25-0.5 percent. This decision to “lift off” was widely anticipated by financial markets. The FOMC has stated that the future path of the federal funds rate will be data dependent. If the labor market continues to improve and if inflation shows signs of returning to the FOMC’s 2 percent target, then further increases in the federal funds rate are likely in store for 2016.

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NSW Department of Finance, Services and Innovation

The Department of Finance, Services and Innovation provides whole of government services in areas such as procurement, fleet management, ICT delivery, business support services and records management.

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EMERGING TECHNOLOGY

How Can State and Local Agencies Better Collaborate on Cybersecurity?

Article | July 16, 2022

Some state governments, such as Massachusetts, have established formal plans to work with localities within their states on cybersecurity. However, as ransomware attacks proliferate across the country and strike big cities and small towns alike, state-level organizations say there needs to be greater IT security coordination between states and municipalities. Last month, the National Governors Association and the National Association of State Chief Information Officers released a report, “Stronger Together: State and Local Cybersecurity Collaboration,” designed to showcase best practices for such collaboration.

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EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Bill Offers $400M for State, Local Government Cybersecurity

Article | October 7, 2022

With state and local governments beset by a precipitous rise in cyberattacks, new federal legislation might provide some necessary cover where needed. The State and Local Cybersecurity Improvement Act would create a grant program worth $400 million to finance cybersecurity efforts in communities across the country, according to a release. Eligible communities would be able to apply for funds, provided through the Department of Homeland Security, which would be allocated to assist in areas like vulnerability scanning and testing, cyberworkforce development and intelligence sharing, according to the bill text.

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U.S. Air Force and Microsoft partner to empower airmen with modern IT

Article | May 27, 2021

The U.S. Air Force is breaking the glass as a leader in harnessing the power of cloud, rapidly rolling out modern services to enable airmen to advance the mission through more effective collaboration. As part of their digital transformation journey to achieve global access, persistence, and awareness for the 21st century, the U.S. Air Force is deploying targeted workloads that allow airmen to focus on their missions rather than spending time managing IT infrastructure.

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How 3 U.S. government agencies use Smartsheet to achieve their missions

Article | February 10, 2020

Federal government agencies use Smartsheet Gov, a work execution platform designed especially for government agencies, to make work processes more speedy and effective, empower their workers to have higher visibility into information and metrics, and ultimately achieve more. Federal agencies are looking for ways to drive efficiencies, break down silos, reduce costs, and ultimately to achieve their missions. Read on to learn from three organizations about how the Smartsheet Gov platform helps them manage information, projects, programs, and processes.

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Spotlight

NSW Department of Finance, Services and Innovation

The Department of Finance, Services and Innovation provides whole of government services in areas such as procurement, fleet management, ICT delivery, business support services and records management.

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US Government Unveils Plan to Develop National Quantum Network for Secure Internet

The U.S Department of Energy | July 28, 2020

The U.S Department of Energy (DOE) has unveiled its plans to develop a parallel national quantum network that is super-fast and unhackable and could be used by sensitive government departments and banks to send information, according to the Department of Energy. The blueprint of the network was revealed in an event at the University of Chicago on Thursday. The department detailed four research areas that need to be given priority for the technology to achieve completion and stated it could be functional in a decade.

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The Consumer Financial Protection Bureau has been promising for more than a year to rein in the payday lending industry, whose business model relies on luring Americans into ruinously priced loans that can carry interest rates exceeding 400 percent. The proposal that the agency unveiled Thursday represents a down payment on that promise. But the final rule — expected next year — will need stronger, more explicit consumer protections for the new regulatory system to be effective.

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U.S. Government Bonds Narrowly Mixed

May 20, 2016

U.S. government bonds were little changed Friday, as investors continued to digest recent statements from Federal Reserve officials about the possibility of a summer interest-rate increase

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The U.S Department of Energy | July 28, 2020

The U.S Department of Energy (DOE) has unveiled its plans to develop a parallel national quantum network that is super-fast and unhackable and could be used by sensitive government departments and banks to send information, according to the Department of Energy. The blueprint of the network was revealed in an event at the University of Chicago on Thursday. The department detailed four research areas that need to be given priority for the technology to achieve completion and stated it could be functional in a decade.

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The Consumer Financial Protection Bureau has been promising for more than a year to rein in the payday lending industry, whose business model relies on luring Americans into ruinously priced loans that can carry interest rates exceeding 400 percent. The proposal that the agency unveiled Thursday represents a down payment on that promise. But the final rule — expected next year — will need stronger, more explicit consumer protections for the new regulatory system to be effective.

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U.S. Government Bonds Narrowly Mixed

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