WASHINGTON- Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. So just as voters, politicians and Federal Reserve officials are looking for a clear read on the economy, they instead will get a…
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And the same is true about which party controlled Congress. While it might be an overstatement to say that decisions made in Washington have no effect on the markets, it's not always so easy to draw a direct line between what happens there and how the markets perform. For example, the Federal Reserve, which controls short-term interest rates, can certainly affect…
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But those who are still deciding between the two main candidates– Democrat Kamala Harris and Republican Donald Trump– have until Nov. 5 to wade through various myths and exaggerations to understand the state of the economy and each candidate's record on related issues. What is the state of inflation in the U.S.? The Federal Reserve cut its key interest rate by half…
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Let’ s get this out of the way quickly, everything I may say in the following article could be proven to be wrong, but history tells us the U.S financial markets and global assets will react strongly to the outcome of the U.S election next week. While some may simply brush this away and claim it is because of nervousness surrounding the U.S Federal Reserve and what…
Still, a recent Cardrates survey reveals 70% of Americans think the U.S. is becoming a cashless society. The Investment Company Institute says retail investors' assets in money market funds have grown $951 billion since 2022. Meanwhile, just one day before U.S. Federal Reserve Chair Jerome Powell's historic call to cut, the ICI Money Market Funds report showed…
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—Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. So just as voters, politicians and Federal Reserve officials are looking for a clear read on the economy, they instead will get a muddied one.
—Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates. The U.S. economy, the world's biggest, has shown surprising resilience in the face of the much higher borrowing rates the Federal Reserve imposed in 2022 and 2023 in its drive to curb inflation.
DENVER& SEATTLE—- FirstSun Capital Bancorp and HomeStreet, Inc. announced that, based on discussions FirstSun and its subsidiary, Sunflower Bank, N.A. have had with the Federal Reserve and the Texas Department of Banking, that regulatory approvals necessary for the mergers with HomeStreet and its subsidiary, HomeStreet Bank to proceed have not been obtained…
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