Sens. John Kennedy (R-La.) and Kevin Cramer (R-N.D.) today introduced the No Red and Blue Banks Act, which would prohibit the General Services Administration from “awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.” This restriction would only apply to contracts awarded after the bill takes effect.
New York Fed: Inflation expectations increased in September
Consumer inflation expectations in September increased at the short- and medium-term horizons and remained unchanged at the longer-term horizon, the Federal Reserve Bank of New York said in its most recent Survey of Consumer Expectations.








