Economic News

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to accelerate rate cuts. Bessent said that, although the overall U.S. economy remains solid, high mortgage rates still hinder the real estate market.

The 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. Two Competing DiagnosesThe dovish perspective, articulated by the newest Fed Governor Stephen Miran, rests on a…

Financial institutions which had been leaning into the sentiment the U.S Fed would cut its interest rate this past Wednesday were proven to be correct, but any ambitions that the Federal Reserve would say they intend on cutting interest rates again in December were not heard. Even as the Federal Funds Rate from the U.S was cut by 25 basis points to 4.00% on…

WASHINGTON— The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. FOOD AID: Two federal judges ruled almost simultaneously Friday that President Donald Trump's administration must continue to fund the Supplemental Nutrition Assistance…

The US dollar fell significantly against the Canadian dollar during the trading week, as the Bank of Canada and the Federal Reserve both had interest rate decisions. When the Federal Reserve suggested that a December rate cut isn’ t necessarily a given at this point, the US dollar recovered quite rapidly. At this point, it looks like the USD/CAD pair is very…

Iowa Attorney General Brenna Bird has asked the U.S. Department of Justice and other federal agencies to investigate whether some oil companies are improperly benefiting from exemptions under the Renewable Fuel Standard program meant for small refiners facing economic hardship. In a letter sent Wednesday to the Justice Department, Department of Energy,…

Even though the Fed did cut interest rates again and a deal between China and the U.S. was announced, investors failed to celebrate. On Sunday, Scott Bessent, the U.S. Treasury Secretary, all but said the deal is in the bag. And then came the comments by Fed Chair Jerome Powell in the Q&A session after the Federal Open Market Committee meeting.

J. Alfred "Al" Broaddus Jr., former president of the Federal Reserve Bank of Richmond, known for his strong advocacy of low inflation and monetary policy transparency, died Oct. 26 in his hometown of Richmond at age 86.. Broaddus received a bachelor's degree in political science from Washington and Lee University in 1961 and went on to earn a graduate degree from the…

These are my views and not necessarily those of my FOMC colleagues. I would have preferred to hold interest rates steady at this weeks FOMC meeting. Congress gave the FOMC a dual mandate: to pursue maximum employment and stable prices.

The following information was released by the Michigan House of Representatives, the Republicans:. Gretchen Whitmer that she would direct the Michigan Department of Health and Human Services to disburse $4.5 million to the Food Bank Council of Michigan to ensure food banks in all 83 Michigan counties can provide assistance to individuals affected by a…

The U.S Federal Reserve cut it interest rate yet again last night, but the 25 basis point move lower was already factored into the EUR/USD. The currency pair reacted with a lack of enthusiasm regarding the Fed’ s FOMC Statement too, this because Fed Chairman Jerome Powell refused to suggest that another interest rate cut will take place in December.

There are a multitude of reasons for this, not the least of which is the fact that the Federal Reserve is expected to cut interest rates at least twice before the end of the year. We have a nice uptrend line that has been a major support level for this market, and now we have a situation where the $6800 level should be support, followed by the $6500 level, although it seems…

Ionic Digital, the Bitcoin mining company that emerged from the collapse of Celsius Network, is preparing to go public. The company announced this week that it has submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed Nasdaq listing. The IPO is expected to occur once the SEC’s review…
The post Ionic Digital Plans Public Listing Following Rebirth from Celsius Bankruptcy appeared first on PRISM MarketView.

The following information was released by the Insurance Information Institute:. A new analysis by the Insurance Information Institute and the Casualty Actuarial Society, finds that legal system abuse and related litigation trends contributed to $231.6 billion to $281.2 billion found in increased liability insurance losses over the past decade, a surge…

The average rate on a 30- year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year. The last time the average rate was lower was on Oct. 3, 2024, when it was 6.12%. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and…

The Federal Reserve cut interest rates for the second consecutive month Wednesday as questions swirl about the true strength of the U.S. economy. The FOMC began bringing interest rates down in the last month and suggested in projections that they would likely do so again at least once more before the end of the year. Instead, the FOMC had to rely on a patchwork of…

The following information was released by the Federal Reserve Bank of Dallas:. Dallas Fed President Logan delivered these remarks at the the second annual bank funding conference, hosted by the Federal Reserve banks of Dallas, Atlanta and Cleveland. Im required to give the official disclaimer that these are my views and not necessarily those of my Federal…

The following information was released by the Federal Reserve Bank of Dallas:. The Federal Reserve Banks of Dallas, Atlanta and Cleveland are hosting a research conference to bring together academics, bankers and policymakers to explore the evolving landscape of bank funding in an era of technological advancement and economic change.

2025 OCT 30– By a News Reporter-Staff News Editor at Ecology Daily News– Research findings on Economics- Environmental and Resource Economics are discussed in a new report. For more information on this research see: The Local Economic Impact of Natural Disasters. Journal of the Association of Environmental and Resource Economists, 2025; 12: 1667-1704. Journal…