The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Ohio and Nebraska affected by severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans. The agency also said it would consider relief from certain filing and publishing requirements
New York Fed: Consumer short-term inflation expectations slip in February
Consumer inflation expectations in February declined at the short-term horizon and remained unchanged at the medium- and longer-term horizons, the Federal Reserve Bank of New York reported in its most recent Survey of Consumer Expectations.
