Podcast: How the ‘apolitical’ Fed moves during presidential elections

In his first press conference as Federal Reserve chairman, Kevin Warsh announced he is forming five task forces to study various aspects of monetary policy, from the central bank’s use of data to its handling of the balance...

The Federal Open Market Committee voted to maintain the target range of the federal funds rate at 3.5%-3.75%. The vote was unanimous.

Pending home sales in May rose 3.8% from the prior month and 4.8% year over year, according to the National Association of Realtors.

Even though U.S. consumers still face the challenge of elevated inflation, their robust spending should help support the overall economy and loan demand.

Continued low construction activity could further reduce demand for construction loans. With building permits coming in only slightly below April’s rate, May’s sharp decline in housing starts could just be a temporary setback.

Young couples are more likely to embrace financial independence from their partners by maintaining separate bank accounts, according to a recent survey by Fidelity.