The American Bankers Association today joined the New Jersey Bankers Association in releasing a new ad encouraging Rep. Josh Gottheimer (D-N.J.) to continue his efforts to find common-sense solutions that support New Jersey businesses and communities.
“Representative Gottheimer has worked hard to build consensus for bipartisan policies that strengthen the economy,” said ABA President and CEO Rob Nichols. “We appreciate his efforts to grow small businesses and create opportunity.”
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.
The Federal Open Market Committee voted to maintain the target range for the federal funds rate at 3.75% to 4%, although two members instead sought an increase.
Any effort by states to modernize insurer data privacy standards should not displace the federal standards already in place for depository institutions, ABA said in a letter to the National Association of Insurance Commissioners.
