The Traderszone Network

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A floating-rate note, also known as an FRN or a “floater,” is a debt instrument with an interest rate that varies based on a certain benchmark. Common floating-rate note benchmarks include LIBOR, the federal funds rate, and the U.S. Treasury bill rate. Most of them have a two- to five-year maturity.

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China Daily on forecasts from a state researcher
Headlines via Bloomberg

Robert Kaplan, President of the Federal Reserve Bank of Dallas
– Says US economy more global than before, policymakers must heed what’s going on globally
Headlines via Reuters

Donald Trump postponed his vice president announcement after a truck plowed into a crowd celebrating Bastille Day in Nice, France.

With Airbnb under scrutiny in Congress, one venture capitalist told CNBC that something is missing from the debate.

With all the world’s eyes now firmly fixed on the south of France and the horrific ‘terrorist attack’ on Nice, Donald Trump has decided to postpone the announcement of his vice-president (until the next news cycle).

As Politico reports, Donald Trump will postpone the announcement of his vice presidential pick, citing the “horrible attack” in Nice, France, in which a tractor-trailer drove through crowded streets, killing scores.

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Federal Reserve’s Bullard speaking with reporters
– Says there’s ‘really no rush’ to raise US interest rates
– Says wants to raise rates on good economic news, wants to raise rates once this year

Headlines via Reuters