New bank charters historically mirrored new business startups, but sharply declined after the financial crisis and have not yet recovered.

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate to 2.0 to 2.25 percent. It was the third hike this year. The committee signaled one more increase this year as economic activity has been rising at a strong rate. Committee members expect “that further gradual increases in ...