Browsing: Economy

Economy

The American Bankers Association joined the Securities Industry and Financial Markets Association, the Bank Policy Institute, the Financial Services Forum and the Investment Company Institute in a letter to congressional leaders supporting action to raise the federal debt ceiling “without delay.”

Economy

Economic growth slowed slightly to a moderate pace from early July to August, as dining out, travel and tourism declined due to safety concerns around the rise of the COVID-19 Delta variant, according to the Federal Reserve’s sixth Beige Book release of the year.

Economy

In a highly anticipated speech at the Federal Reserve’s Jackson Hole economic symposium today, Fed Chairman Jerome Powell signaled that his agency could begin tapering its asset purchases before the end of the year, citing recent progress toward maximum employment and controlling inflation.

Commercial Lending

Despite persistent pandemic-related uncertainties, optimism among small and middle market businesses is on the rebound, according to Umpqua Bank’s 2021 Business Barometer released today. More than half of middle market firms—55%—said they expect economic conditions to improve, up from just 33% a year ago, and 52% of small firms said they also expect improvement.

Economy

Progress on vaccinations has continued to strengthen indicators of economic activity and employment, the Federal Open Market Committee said today, adding that while the sectors most adversely affected by the pandemic have shown improvement, they have not fully recovered.

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