<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 820 369" width="820" height="369" role="img" aria-labelledby="t d" font-family="'Manrope', ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif">
  <title id="t">What is the Federal Reserve?</title>
  <desc id="d">Diagram of the Federal Reserve setting US interest rates, influencing borrowing costs and asset prices across the economy.</desc>
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  <text x="44" y="60" font-size="25" font-weight="800" fill="#0F172A">What Is the Federal Reserve?</text>
  <text x="44" y="92" font-size="14.5" fill="#5A6578">The Federal Reserve is the US central bank. Its interest-rate decisions are among the biggest drivers</text>
  <text x="44" y="113" font-size="14.5" fill="#5A6578">of market fear and greed.</text>

  <circle cx="72" cy="150" r="13" fill="#0284C7"/>
  <text x="72" y="154" font-size="13" font-weight="800" fill="#ffffff" text-anchor="middle">1</text>
  <text x="100" y="155" font-size="14.5" font-weight="800" fill="#0F172A">The US central bank</text>
  <text x="100" y="176" font-size="13.5" fill="#5A6578">Sets interest rates and manages the dollar.</text>
  <circle cx="72" cy="206" r="13" fill="#0284C7"/>
  <text x="72" y="210" font-size="13" font-weight="800" fill="#ffffff" text-anchor="middle">2</text>
  <text x="100" y="211" font-size="14.5" font-weight="800" fill="#0F172A">Dual mandate</text>
  <text x="100" y="232" font-size="13.5" fill="#5A6578">Stable prices and maximum employment.</text>
  <circle cx="72" cy="262" r="13" fill="#0284C7"/>
  <text x="72" y="266" font-size="13" font-weight="800" fill="#ffffff" text-anchor="middle">3</text>
  <text x="100" y="267" font-size="14.5" font-weight="800" fill="#0F172A">Market mover</text>
  <text x="100" y="288" font-size="13.5" fill="#5A6578">“Don’t fight the Fed”, its policy steers risk appetite.</text>
  <line x1="44" y1="333" x2="776" y2="333" stroke="#0F172A" stroke-opacity="0.08"/>
  <text x="44" y="355" font-size="12.5" fill="#5A6578">Source: <tspan font-weight="700" fill="#0F172A">CFGI</tspan></text>
  <text x="776" y="355" font-size="12.5" fill="#0284C7" text-anchor="end" font-weight="700">Markets</text>
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