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Economic News

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ICYMI: SENATOR BLUNT ROCHESTER DISCUSSES HOUSING, FED CHAIR WARSH, BILL PULTE ON CNBC'S "SQUAWK BOX"

June 5, 2026

The following information was released by Delaware Senator Lisa Blunt Rochester:. Senator Lisa Blunt Rochester, a member of the Senate Committee on Banking, Housing, and Urban Affairs, todayappeared onCNBC's "Squawk Box." She discussed the21stCentury ROAD to Housing Act, Federal Reserve Chair Kevin Warsh, and Bill Pulte's appointment as Acting Director of…

EDITORIAL: Food bank, Enid agencies work to keep children fed

June 4, 2026

Regional Food Bank of Oklahoma is working with several agencies in Enid to help keep children from going hungry this summer. The food bank’ s Summer Feeding Program started Monday and will continue through Aug. 7, 2026, at five locations in Enid. •Denny Price Family YMCA/Hayes Elementary School, open 11 a.m. to noon weekdays at Hayes, 2102 Beverly Drive.

Researchers from Federal Reserve Bank Report Recent Findings in CDC and FDA (Interest Rate Risk In the Us Banking Sector): CDC and FDA

June 4, 2026

According to news reporting originating from Charlotte, North Carolina, by NewsRx correspondents, research stated,“ We study interest rate risk at U.S. banks by measuring the impact of interest rate changes on banks’ economic value of equity and earnings. For more information on this research see: Interest Rate Risk In the Us Banking Sector. Journal of…

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

June 4, 2026

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans. The yield on the U.S. 10- year Treasury note was at 4.47% in midday trading Thursday on the bond market, up…

FED CHAIR JAY POWELL FAILED HIS MAIN TEST: KEEPING US INFLATION LOW

June 4, 2026

The following information was released by the Cato Institute:. With Jay Powell's term as Federal Reserve chair ending, commentary on America's central banker has already descended into ridiculous hagiography. He certainly faced testing circumstances, including a once-in-a-century pandemic, America's lurch to protectionism, and conflicts in Ukraine and…

Expro Reiterates Benefits of Redomiciliation

June 4, 2026

Expro Group Holdings N.V. filed its definitive proxy statement on April 21, 2026 with the Securities and Exchange Commission in connection with Expro’ s proposal to redomicile from the Netherlands to the Cayman Islands. On June 3, 2026, Institutional Shareholder Services, a proxy advisory firm, revised its initial recommendation regarding the proposal to…

MINNEAPOLIS FED WELCOMES 20262027 CLASS OF INSTITUTE VISITING SCHOLARS

June 4, 2026

The following information was released by the Federal Reserve Bank of Minneapolis:. This is the 10th cohort of researchers hosted by the Opportunity and Inclusive Growth Institute. The Opportunity and Inclusive Growth Instituteannounced the visiting scholars selected to conduct research while in residence at the Federal Reserve Bank of Minneapolis for…

OPENING REMARKS FOR MODERATED CONVERSATION AT THE UNIVERSITY OF TEXAS AT EL PASO

June 4, 2026

The following information was released by the Federal Reserve Bank of Dallas:. Dallas Fed President Lorie Logan delivered these remarks prior to a moderated conversation at The University of Texas at El Paso. In my travels, I have many opportunities to thank people for welcoming me to their communities, and the welcome is never warmer than in El Paso.

Warsh pledges to follow best of Fed’s traditions, while also looking for change

June 4, 2026

WASHINGTON- Federal Reserve Chairman Kevin Warsh pledged to follow "the best of the Fed's traditions" in an opening note to the central bank's more than 20,000 employees as he starts his four-year term, while also promising a broad look at what might be done differently. Daniel Heil is a policy fellow at Stanford University's Hoover Institution, where Warsh also…

A Federal Reserve Bank survey finds food insecurity still rising since the Biden administration

June 4, 2026

"Over this same period, food prices have been steadily increasing," said Joshua Berning, a Colorado State University food economist. Grocery costs have risen 25.2% since February 2020, when pandemic restrictions began disrupting the global food supply, Bureau of Labor Statistics figures show. Mr. Berning cited multiple drivers: the war in Ukraine and the…

Findings from Eastern Michigan University Provides New Data on Investment (The Convenience Yield Channel of Monetary Policy and International Stock Prices): Investment

June 3, 2026

According to news reporting from Ypsilanti, Michigan, by NewsRx journalists, research stated,“ Krishnamurthy and Lustig propose a convenience yield monetary policy channel, whereby Federal Reserve decisions affect global financial variables through their effect on the convenience yield of dollar-denominated safe assets.”. The news correspondents…

Trump appoints housing official as acting director of national intelligence

June 3, 2026

President Trump said Tuesday he was appointing Bill Pulte as acting director of national intelligence to replace Tulsi Gabbard. Pulte currently serves as director of the Federal Housing Finance Agency and chairman of Fannie Mae/Freddie Mac, which supports mortgage markets. Last year, Pulte accused Federal Reserve Board of Governors member Lisa Cook of…

THE LARGE BALANCE SHEET IS COSTLY REGARDLESS OF WHAT THE FED CLAIMS

June 3, 2026

This is a worthy goal that should be paired with Congress ending the Fed's ability to pay interest on reserves. In fact, Warsh will face resistance by some members of the Federal Open Market Committee who mistakenly argue that maintaining a large balance sheet and the IOR framework are necessary and costless. In February 2025, at the Bank of England, Dallas Fed…

WEIGAND NAMED SVP AND GENERAL AUDITOR AT MINNEAPOLIS FED

June 3, 2026

Kreg Weigand has been named general auditor and a senior vice president by the Board of Directors of the Federal Reserve Bank of Minneapolis. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nations central bank. The Federal Reserve Bank of…

Data on Economics Reported by Researchers at Zhejiang Gongshang University (Primary Dealer Status, Endorsement Signal, and Bank Funding Costs): Economics

June 2, 2026

2026 JUN 02– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Research findings on Economics are discussed in a new report. According to news originating from Hangzhou, People’ s Republic of China, by NewsRx correspondents, research stated,“ In China’ s open market operations, the central bank selects a group of commercial banks each year to serve…

Former Fed chair Jerome Powell receives JFK Profile in Courage award

June 2, 2026

In his eight years as chairman of the Federal Reserve, Jerome Powell faced a variety of economic challenges, from double-digit unemployment during the pandemic to the highest inflation in four decades. But Powell's tenure may be best remembered for the way he stood up to political pressure from President Trump. SCOTT DETROW, BYLINE: Jerome Powell was presented…

Chicago Fed: Farmland values up from year ago

June 2, 2026

Editor's note: The following was written by David Oppedahl and Elizabeth Kepner with the Federal Reserve Bank of Chicago for the May AgLetter. Demand to purchase farmland was lower in the three- to six-month period ending with March 2026 than in the same period ending with March 2025. For 2026, average annual cash rents for farmland were up 2% in Indiana, but down…

June 2, 2026

Desmond Lachman: New challenges for a new Federal Reserve

We have to wonder whether the same might be said of Donald Trump and the new Federal Reserve Chair Kevin Warsh's plans for the Fed under new leadership. The second is coming from the current U.S. bond market rout. Little wonder then that we have seen a 60% surge in international oil prices to around $100 a barrel and a more than 50% increase in world fertilizer prices.

June Mortgage Outlook: Rates Could Climb as Hopes Fade for a Fed Cut

June 2, 2026

Mortgage rates have risen since the U.S. war with Iran began, as gas prices jumped. Markets are currently projecting that the Federal Reserve will vote to leave overnight borrowing rates unchanged at its June 16-17 meeting. The Federal Reserve typically releases a summary of economic projections four times a year.

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