FOMC leaves rates unchanged, signals potential cuts
The Federal Open Market Committee announced that it would once again leave the federal fund rate unchanged at 5.25%-5.5% and...
Economy
The NFIB Small Business Optimism Index decreased 0.1 of a point in November to 90.6
A seasonally adjusted net 18% of business owners planned to create new jobs in the next three months, up 1...
CPI rose 0.1% in November
The Consumer Price Index increased 0.1% in November on a seasonally adjusted basis, after being unchanged in October, the U.S....
OCC: Banking system remains sound
The federal banking system is sound, with banks focused on stabilizing liquidity and maintaining confidence in the system, the OCC...
New York Fed: Inflation expectations mostly unchanged in November
Consumer inflation expectations in November declined at the short-term horizon but remained unchanged at the medium and longer-term horizons, according...
Consumer sentiment rose in December
Consumer sentiment rose 8.1 points in December to 69.4, which is 9.6 points higher than a year ago. The Current...
199,000 jobs added in November, unemployment rate edged down to 3.7%
Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate edged down to 3.7%. Job gains occurred...
A not so stablecoin? A deeper dive into PayPal USD
Regulators should be concerned that a stablecoin integrated with traditional financial services would introduce a new risk to deposit safety...
Consumer credit increased in October
Consumer credit increased at a seasonally adjusted annual rate of 1.2% in October after increasing 3.0% in September. Total outstanding...
OCC: Bank profitability increased in first half of 2023 despite challenges
Profitability for the federal banking system improved in the first half of 2023 even as banks continued to navigate a...
