In holding the policy rate in a range between 4.25% and 4.5%, the Federal Open Market Committee also signaled the possibility of two rate cuts this year, although it's a close call on that outcome.
The amendments require an entity to consider the same factors that are currently required for determining which entity is the accounting acquirer in other acquisition transactions.
The beginning of the second quarter has been marked by significant volatility, driven by U.S. tariffs on trading partners and forcing broker-dealers and exchanges to adapt to increased transaction volume and revise their risk management strategies.
The public expects inflation to soar to 7.3% a year from now and to 4.6% over a five-year time frame, according to the University of Michigan's consumer surveys for April.
The recession will start on the docks of Los Angeles. It will be a product of a rational response of producers, wholesalers and retailers to the uncertainty created by policymakers.