Industrial production edged up 0.1% in June and grew at an annual rate of 4.0 percent in the second quarter.. In June, manufacturing output was unchanged, and the index for mining and utilities both rose 0.4%. Manufacturing output...
Given an increase in geopolitical uncertainties, crude oil volatility is on an upward trend.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,427,000. This is 19.0% above the revised May estimate of 1,199,000 and is 3.5% above the June 2025 rate of 1,379,000. Single-family housing starts in June were...
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar among all federal payment stablecoin regulators, the American Bankers Association and three other banking sector associations said.
In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation.
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information.
