Continuing inflationary pressure could weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth. This could be a headwind for loan demand, particularly for interest rate-sensitive products such as mortgages and auto loans.
The federal banking agencies announced they are raising the asset threshold that certain banks must fall under to qualify for an extended 18-month examination schedule rather than a 12-month schedule.
The Producer Price Index for final demand increased 0.4% in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Existing-home sales decreased by 1% month-over-month in August and 1.2% year-over-year, according to the National Association of Realtors.
Nearly 80 state bankers associations joined with ABA and ICBA to press lawmakers to use the Clarity Act to close the payment-of-interest loophole for payment stablecoins, which will provide “the clearest path to achieving Congress’ stated objective of...
The FBI released its first “cyber strategy” that outlines the law enforcement agency’s priorities in combating cybercrime and protecting critical infrastructure.
