FOMC minutes show support for cutting rates
Several Federal Open Market Committee participants saw a “plausible case” for reducing the federal funds rate at their most recent ...
Tag: Federal Reserve
Fed’s Bowman touts benefits of banks, CDFIs in rural communities
Smaller banks, including community banks, are indispensable in providing access to financial products and services, especially in remote or rural ...
New York Fed: More people searching for jobs
The number of people who reported searching for a job in the past four weeks increased to 28.4%, the highest ...
Fed’s Bowman advises caution on bank merger, liquidity reforms
Regulatory reforms should promote a healthy banking system and acknowledge the important role that mergers and acquisitions play in helping ...
FOMC releases tentative meeting schedule for 2025, 2026
The Federal Open Market Committee announced its tentative meeting schedule for 2025 and 2026. The FOMC holds eight scheduled meetings ...
ABA, associations seek more time for comment on bank-fintech information request
ABA and five associations requested that banking agencies push back the public comment deadline for a recent request for information ...
Consumer credit increased in June
Consumer credit increased at a seasonally adjusted annual rate of 2.4% during the second quarter of 2024, the Federal Reserve ...
New York Fed: Total household debt reached $17.8T in Q2
Total household debt increased by $109 billion or 0.6% to $17.8 trillion in the second quarter of 2024, according to ...
Fed survey: Banks tighten policies on business, commercial real estate lending
Banks reported tighter standards for both commercial and industrial loans and commercial real estate loans during the second quarter of ...
FOMC holds interest rates steady
The Federal Open Market Committee will hold the federal funds rate steady at 5.25 to 5.5%. The committee noted that ...
