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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 that far exceeds what can be explained by economic inflation alone.

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. "Job gains have slowed this year, and the unemployment rate has edged up but remained low through August," the Fed said in a statement. The Fed is watching private-sector figures instead.

Beeline Holdings (NASDAQ: BLNE), the digital mortgage lender built for next-generation homeowners, locked 21 loans totaling nearly $8 million on Oct. 29, the same day the Federal Reserve announced its second consecutive rate cut, marking record highs for the company’s key performance indicators. The Rhode Island-based lender, which declared itself debt-free in September and expects […]

Whether the lows sparked buying early this week based on the notion the NZD/USD had finally hit blatantly oversold territory in the eyes of financial institutions, or if the buying of the NZD/USD was caused by a perspective the U.S Federal Reserve was going to cut interest rates can be debated. Yesterday’ s move higher in the NZD/USD to the 0.58025 area briefly…

–The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants the central bank to reduce rates. "Although some important federal government data have been delayed due to the shutdown, the public and private sector data that have remained available suggest that the…

Growth in the 20 countries that use the euro was held by back higher U.S. tariffs and anemic performances by Germany and Italy, both of which barely avoided a technical recession. The ECB's stand-pat stance is a sharp contrast with that of the U.S. Federal Reserve, which cut its benchmark rate by a quarter percentage point Wednesday and is wrestling with whether to…

The following information was released by the Association for Manufacturing Technology:. McLean, Va. In a move widely telegraphed since the last meeting, the Federal Reserve cut the federal funds rate for the second consecutive meeting, landing at a target range of 3.75% to 4.00%. "There was a noticeable shadow cast over this meeting by the lack of official…

Attorney General Anthony G. Brown today joined a coalition of 23 attorneys general on a brief filed with the U.S. Supreme Court defending the independence of the Federal Reserve Board of Governors. The filing urges the court to reject President Trump's request to immediately remove Federal Reserve Governor Lisa Cook, arguing that such action would undermine…

As the economy contracts and inflation rises, President Donald Trump's aggressive tariff regime has already sent shockwaves through every sector. Senator Brian Schatz of Hawaii warned that Trump is ruining the economy on purpose, pointing to middle-class families now paying an average of five thousand dollars more each year for basic goods such as cars,…

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…

"Conditions in the labor market appear to be gradually cooling, and inflation remains somewhat elevated," Mr. Powell said. Mr. Powell and nine other members voted in favor of the quarter-percentage point cut, which should give businesses and consumers more favorable terms on things like mortgages, car loans and borrowing for business expansions.

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.“ Job gains have slowed this year, and the unemployment rate has edged up but remained low through August,” the Fed said in a statement issued Wednesday.“ More recent indicators are consistent with…

The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants the central bank to reduce rates. "Although some important federal government data have been delayed due to the shutdown, the public and private sector data that have remained available suggest that the…

Yesterday, ahead of the Federal Reserve's Federal Open Market Committee meeting, Senator Rick Scott sent a letter to Federal Reserve Chair Jay Powell urging him not to halt the Fed's ongoing balance sheet reduction. Senator Scott continues to call for transparency and accountability from the Federal Reserve and for the next chair to commit to fixing the Fed,…