To drive growth in 2026, nearly three in four community banks are exploring expansion within their current markets, while half plan to use new technologies such as artificial intelligence to reduce costs, according to ABA’s Community Bank CEO...
New orders for manufactured goods in January increased $900 million, or 0.1%, to $620.1 billion, the U.S. Census Bureau reported. The decline followed a 0.4% December decrease.
The Producer Price Index for final demand increased 0.7% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
The FOMC voted to maintain the target range of the federal funds rate at 3.5%-3.75%. Fed Governor Stephen Miran voted against the action, preferring a cut of 25 basis points.
Fannie Mae and Freddie Mac are rolling back certain property insurance requirements for condominiums and single-family homes in response to “skyrocketing” insurance prices, the Federal Housing Finance Agency announced.
An Illinois state law restricting interchange fees for certain payments threatens the national banking system by interfering with federal powers to regulate that system, the OCC and a group of 10 former comptrollers said in separate court filings.
