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The Federal Reserve is expected to hold interest rates steady, but the battle against inflation is far from over.

Source: Moomoo ·
Entrance of the Federal Reserve Bank of Cleveland with its arched windows and statues
File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

The Federal Reserve is expected to hold interest rates steady, but the battle against inflation is far from over. Moomoo

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Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens

Bankers and lawyers say Chinese clients' demand for U.S. bank accounts has gathered pace as Beijing tightens the screws on Chinese offshore wealth.

CNBC ·