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A trucker hat mystery, the curse of September and other listener questions

Planet Money

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The September Effect and Payment Revolution

This chapter explores the September effect in stock markets, revealing how bad news impacts prices more slowly than good news. It discusses the inefficiencies of the U.S. banking payment system and the introduction of FedNow, a service aimed at modernizing money transfers. The chapter underscores the potential benefits of instant transactions and the need for improvements to alleviate financial burdens on individuals.

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