Podcast: Why middle market businesses are growing more optimistic

The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and prudential requirements for stablecoin issuers under its jurisdiction, although likely not until after the OCC issues its own...

Consumer inflation expectations in August decreased slightly at the medium-term horizon and remained unchanged at the short- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

Consumer credit increased at a seasonally adjusted annual rate of 4.2% in July. Total outstanding credit increased to $5,186.2 trillion during the month, from June’s revised total of $5,168.2 trillion.

ABA economists believe that small-business owners remain cautiously optimistic amid a mixed operating environment and that conditions could lead to tepid loan demand for small businesses in the coming months.

ABA economists view this month’s strong payroll report as a positive catalyst for business and consumer loan demand. The continued low unemployment rate should also keep consumer credit performance strong.

Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period beginning in 2023, showcasing the extent of the problem, according to a FinCEN analysis. The agency also published...