N.Y. Fed’s Williams: Repo Market Turmoil No Reason to Delay Libor Switch
Recent money market conditions that have seen the Federal Reserve resume regular repo operations for the first time in years...
Economy
Banks Cite Intraday Payments Flows as Key Driver for Setting Reserve Floors
In a Federal Reserve survey released today, senior financial officers from 80 U.S. banks and U.S. branches of foreign banks...
Industrial Production Declined 0.4 percent in September
Industrial production decreased 0.4 percent in September after rising 0.8 percent in August. For the third quarter as a whole,...
Housing Starts Decreased in September
Housing starts decreased to a seasonally adjusted annual rate of 1.256 million in September, according to the U.S. Department of...
Homebuilder Confidence Increases in October
The National Association of Home Builders/Wells Fargo Housing Market Index rose to 71 in October, three points above September’s reading....
Retail Sales Down 0.3 Percent in September
There was $505.8 billion in retail and food service sales in September, down 0.3 percent from the previous month but...
Amid Resilience, FSB Focusing on Low Rates, Digital Disruption
The global financial system is resilient, with large banks much better capitalized, less leveraged and more liquid, according to the...
Headline CPI Unchanged in September, Core CPI Up
The Consumer Price Index was unchanged in September on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics....
FOMC Minutes Show Concern over Slowing Global Growth and Increased Trade Policy Uncertainty
The Federal Open Market Committee (FOMC) highlighted growing concern over economic developments that could dampen hiring and consumer spending. Committee...
