U.S. Senator Mike Rounds and Senate Banking Committee Chairman Tim Scott today sent a letter to Jerome Powell, Chairman of the Federal Reserve Board of Governors, and Michelle Bowman, Vice Chair for Supervision, urging the Board to issue a final rule on Basel III Endgame. Joining Rounds and Scott on the letter are Senators Mike Crapo, Thom Tillis, John Kennedy, Bill…
Economic News
—The Bank of England kept its main interest rate unchanged at 4% on Thursday with a majority of policymakers indicating that they need more information on how swiftly inflation will fall back towards their target. Like the U.S. Federal Reserve, which last week cut interest rates for the second time this year, the vote among on the bank's Monetary Policy Committee…
The following information was released by the Federal Reserve Bank of Atlanta:. The tool incorporates data from sources including Freddie Mac Primary Mortgage Market Survey/ FRED, SmartAsset, ICE McDash Analytics, Black Knight Financial Services, and the Federal Housing Finance Agency. The Federal Reserve System, fulfilling its mandate to promote economic…
BOSTON— The prolonged federal government shutdown is bad for business, according to a new report that found rising pessimism among the state’ s employers as the stalemate in Congress grinds on. “The economy remains resilient with the Federal Reserve noting that economic activity‘ has been expanding at a moderate pace.’ At the same time, the labor market is…
The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. U.S. Senators Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Andy Kim, and Lisa Blunt Rochester sent a letter to Michelle Bowman, Federal Reserve Vice Chair for Supervision and Chair of the Financial Stability…
The EUR/USD pair has been in a downward trajectory in the past few weeks, a trend that accelerated when the Federal Reserve and European Central Bank delivered their interest rates decisions last week. In Europe, the ECB decided to leave interest rates unchanged, with Christine Lagarde insisting that she was comfortable with the current situation.
On another day, tech-driven stock rallies to fresh record highs in Tokyo and Taipei would probably signal a bullish tone for regional equities, but not today. With most U.S. economic data releases suspended by the government shutdown, and Federal Reserve officials presenting diverging views on the correct path for monetary policy, investors have had to put a…
The following information was released by the Association for Manufacturing Technology:. Presenters from Oxford Economics, ITR Economics, the Federal Reserve Bank of Chicago, and AMT The Association For Manufacturing Technology provided a multifaceted view of the manufacturing landscape. Sean Metcalfe of Oxford Economics stated that global industrial…
Beeline Holdings (NASDAQ: BLNE), a fast-growing digital mortgage platform that redefines the path to homeownership, reported record performance at the end of October 2025, as the Federal Reserve announced its second consecutive quarter-point rate cut. On October 29, the company locked 21 loans with a total value of just under $8 million, setting a new […]
Mississippi has 26,600 federal civilian employees, with 10,200 in Harrison, Hancock, Jackson and Stone counties, according to the Bureau of Labor Statistics. Keesler Federal Credit Union has even rolled out a paycheck advance program. “The government shutdown has created stress and financial instability for thousands of our members, so we wanted to stand up…
Mortgage rates are likely to rise in November, as a December cut from the Federal Reserve has started to seem uncertain. Even though markets are leaning toward a third consecutive cut at the Federal Reserve's Dec. 9-10 meeting, there's enough doubt that staying in wait-and-see mode feels more appropriate. Federal Reserve Chair Jerome Powell's Oct. 29 press…
CPI Card Group Inc., a payments technology company providing a comprehensive range of payment cards and related digital solutions, today reported financial results for the quarter ended September 30, 2025, and updated its financial outlook for 2025.. Net income in the quarter increased 78% to $2.3 million, primarily due to costs related to debt retirement in…
At The Brookings Institution, Washington, D.C.. Today, I would like to speak to you about how I see the U.S. economic outlook evolving, specifically through the lens of the dual mandate given to the Federal Reserve by Congress to promote maximum employment and price stability. Federal statistical agencies, including the Bureau of Labor Statistics, the Census…
The Federal Reserve Bank of Richmond has launched the Center for Rural Economies, a research and convening hub designed to study and support the economic needs of small towns and rural communities across its service area. The Richmond Fed introduced the center on Oct. 29, during the first installment of its new "Investing in Rural America" webinar series.
About 13,000 air traffic controllers and about 50,000 TSA officers are currently working without pay. It is also delaying the release of economic data, which could make it harder for the Federal Reserve to make informed decisions on interest and monetary policy. The main sticking point is that Democrats want the spending plan to include an extension of the…
BOSTON– The prolonged federal government shutdown is bad for business, according to a new report, which found pessimism is increasing among the state's employers as the stalemate in Congress grinds on. "The economy remains resilient with the Federal Reserve noting that economic activity' has been expanding at a moderate pace.' At the same time, the labor market is…
Our news journalists obtained a quote from the research from Yale University,“ We conclude that the changes to the framework were too focused on the experience following the financial crisis and hence were not robust in the face of unexpected changes in economic circumstances. For more information on this research see: Challenges Around the Federal Reserve’ s…
A divided Federal Open Market Committee voted October 29 for the second interest rate cut of 2025 and halted the post-Covid-19 pandemic program that has reduced the Federal Reserve's balance sheet. Bostic spoke October 31 in a fireside chat with Cleveland Fed president Beth Hammack, moderated by Brian Cheung of NBC News, at a banking and finance conference…
Federal Reserve cut interest rates last week, but the decision was far from unanimous. Two members of the Federal Open Market Committee dissented, an unusual occurrence that reveals deep disagreement about where the economy is heading. The dovish perspective, articulated by the newest Fed Governor Stephen Miran, rests on a critical technical point: the "…
