Browsing: Economy


Banks have been a source of strength for the economy during the pandemic. A year into the crisis, the blunt instrument of leverage ratios is about to make it harder for banks of all sizes to support the recovery.


Top economists from the largest U.S. banks anticipate substantial improvement in consumer and business credit market conditions in the next six months, according to American Bankers Association’s Credit Conditions Outlook released today. 


The Federal Reserve will continue to keep its target range for the federal funds rate at zero to 0.25% as the COVID-19 pandemic continues, causing “tremendous human and economic hardship across the United States and around the world,” the Federal Open Market Committee said today.

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