Curated items for this range are still being collected. Below, read the related updates already included; items meeting the curation standard will be marked separately.
In a blog post, the Chairman of the MPFA announced that the eMPF Platform will launch a one-stop MPF account information enquiry service on October 5. The service is available to MPF scheme members, authorized persons, estate representatives, and those prioritizing the estates of deceased scheme members, allowing them to enquire about trustee and scheme names, account numbers, and balance information. Applications require submission of corresponding authorization or legal documentation based on identity, and account information will only be provided after identity and authorization verification.
The Federal Open Market Committee decided by a vote of 9-3 to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent to support its dual mandate. Three members dissented, preferring to raise the target range for the federal funds rate by 1/4 percentage point at this meeting. Inflation remains above the 2 percent target, and economic activity has continued to expand at a solid pace.
