DoD Reports MLA Website Malfunction

The Financial Stability Oversight Council voted to rescind the charters of two committees formed to advise the council on climate-related financial risks.

The rate for a 30-year fixed-rate mortgage was 6.35%. The rate for a 15-year fixed-rate mortgage was 5.5%.

Twice as many U.S. workers today look to their employers for guidance and resources around near-term financial needs compared to just two years ago, according to a new survey by Bank of America.

The Consumer Price Index increased 0.4% in August on a seasonally adjusted annual basis, after rising 0.2% in July, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9%.

The deposit insurance system has served the nation well, but recent events have raised questions about whether the system can be improved to reflect the modern realities of banking, American Bankers Association Chair Elect Kenneth Kelly told senators.

The Producer Price Index decreased 0.1% in August from the previous month, the Labor Department reported. The index showed prices increased 2.6% from a year before.