Personal income increased 0.3%, or $65.3 billion, in April, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.6%. Meanwhile, personal consumption expenditures increased 0.2%, or $39.1 billion.
The ABA Office of the Chief Economist believes that this month’s inflation reading marks continued normalization in price growth, but overall inflation remains above the Federal Reserve’s target.
HBT Financial in Bloomington, Illinois, has agreed to buy Tri-County Financial Group in Mendota, Illinois.
Sharp shifts in deposit mix and funding composition are giving way to more familiar patterns across the banking industry.
FinCEN has finalized a rule removing the requirement for U.S. companies and persons to report beneficial ownership information to the agency under the Corporate Transparency Act, the Treasury Department announced. The agency also will delete previously reported information...
The NFIB Small Business Optimism Index increased 2.4 points in July to 99.8, rising above its 52-year average of 98. The Uncertainty Index rose two points from June to 91.
The OCC should propose new reporting forms for stablecoin issuers only after it has finalized regulatory requirements for those companies, and it should work with other regulators to ensure forms for all issuers are substantially similar across agencies,...
