FOMC Members: Coronavirus Pandemic ‘Not Directly Comparable’ with 2008 Financial Crisis
The near-term U.S. economic outlook “deteriorated sharply” and became “profoundly uncertain,” prompting the Federal Open Market Committee to drop interest ...
Tag: Interest rates
Fed Announces Emergency Rate Cut Amid Coronavirus Fears
Acknowledging the “evolving risks” that the coronavirus outbreak poses to the U.S. economy, the Federal Open Market Committee unanimously voted ...
ABA: Interest Rate Caps Would Harm Consumers
The American Bankers Association today warned lawmakers of the potential consequences of imposing interest rate caps on consumer credit products.
Fed Holds Interest Rates Steady
As expected by economists, the Federal Open Market Committee today voted unanimously to hold the target range for the federal ...
ABA Welcomes OCC’s Proposal to Codify ‘Valid When Made’ Principle
ABA yesterday expressed support for the OCC’s long-awaited regulatory solution affirming that permissible interest on a loan made by a ...
Bank Economists Anticipate Moderating Growth, Stable Interest Rates in 2020
The nation’s top bank economists forecast continued economic growth that would support job growth and wage gains in 2020 and ...
Strong Labor Market, Moderate Growth Cited in FOMC Rate Decision
A strong labor market, moderate GDP growth and inflation below 2% factored into the Federal Open Market Committee’s decision at ...
Slowing Global Growth, Trade Uncertainties Cited in FOMC Rate Cut Decision
Concerns about a slowdown in global growth and trade uncertainties remained prominent factors in the Federal Open Market Committee’s decision ...
FDIC Votes to Codify ‘Valid-When-Made’ Principle
Following action by the OCC yesterday, the FDIC proposed a rule stipulating that interest rates valid when the loan is ...
ABA: FDIC National Rate Cap Proposal Is Insufficient
The FDIC’s recent proposal to make changes to the national rate cap does not go far enough to address the ...
