What is a PAMM Account?
What is a PAMM Account? PAMM stands for “Percent Allocation Management Module.” It is a software application generally used for pairing client funds with a special discretionary account service offered by foreign exchange brokers. The results of the manager’s trading activities – including profits, losses, and trades – are allocated to the central asset accounts […]
Fed Minutes Showed Recent Banking Turmoil May Result in Lower
Fed Minutes Showed Recent Banking Turmoil May Result in Lower The minutes of the March 21-22, 2023, Federal Open Market Committee (FOMC) meeting reaffirmed that price and financial stability are of paramount importance to the Fed. Regarding the economy, Committee members noted that “recent indicators point to modest growth in spending and output. At the […]