The American Bankers Association joined the Missouri Bankers Association today in releasing a new ad encouraging U.S. Rep. Ann Wagner (R-Mo.) to keep fighting for bipartisan tax cuts for families and main street businesses.
“Representative Wagner has fought to reduce taxes on families and small businesses at a critically important moment,” said ABA President and CEO Rob Nichols. “Efforts like this help drive economic growth that benefits communities in Missouri and across the country.”
The Federal Reserve and CFPB have both failed to make needed updates to their information security programs, which are not effective, the Fed Office of Inspector General concluded in two recent reports.
ABA joined three associations in asking banking agencies for a 30-day extension of the comment periods for two proposed guidance documents on third-party risk management.
The rate for a 30-year fixed-rate mortgage was 7.24% this week. The rate for a 15-year fixed-rate mortgage was 6.6%.
Persistent investment in AI infrastructure and resilient consumer spending continue to support economic activity.
September PCE data highlights the strength of aggregate demand and the persistence of inflationary pressures, with sustained energy price increases contributing to the acceleration in headline inflation.
Starting next year, the Federal Open Market Committee will hold one less vote annually to set monetary policy, Federal Reserve Chairman Kevin Warsh said.
