Regardless of size, banks need a framework for assessing and understanding climate risk.
Concerns about a slowdown in global growth and trade uncertainties remained prominent factors in the Federal Open Market Committee’s decision to cut interest rates by 25 basis points at the last FOMC meeting, according to minutes released yesterday.
Business debt is historically high relative to U.S. gross domestic product, with debt increasing most rapidly among the riskiest firms amid weak credit standards, the Federal Reserve said today in its financial stability report.
Read more in the ABA/Farmer Mac Agricultural Lender Survey.
Producer prices rose 0.4 percent in October, seasonally adjusted, after falling 0.3 percent in September,…
Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 trillion, the Federal Reserve Bank of New York reported today.
The Federal Open Market Committee announced yesterday that it would cut interest rates for the third time this year.
The Conference Board Consumer Confidence Index declined 0.4 Points to 125.9 in September. The Present…