Treasury Department awards grants to boost local economies after COVID

ABA's economic team believes there are risks to growth including elevated interest rates and oil prices. However, strong investment in AI infrastructure and resilient consumer spending provide support to economic activity and the outlook for bank and credit...

ABA and the Ohio Bankers League have released a new ad encouraging Sen. Jon Husted to continue his efforts to enact policies that help banks better serve their customers and communities and spur economic growth.

ABA economists believe that the lower-than-expected inflation reading is a potential tailwind for the broader economy. Lower inflation supports household purchasing power which could improve credit performance and consumer loan demand.

Generative AI has made scams more convincing, personalized and scalable while enabling criminals to exploit trusted identities and communications channels, ABA's Paul Benda told senators.

A new committee to review state-level regulatory frameworks for stablecoins must adopt strong, transparent rules before it starts making decisions “that will shape the payment stablecoin market for years to come,” ABA and three bankers associations said.

The Federal Open Market Committee once again voted to maintain the target range of the federal funds rate at 3.5%-3.75%, but three members voted against the action, instead preferring to raise the rate.