These institutions are owned by depositors rather than shareholders, and more than 90 percent have less than $3 billion in total assets. The Board assumed regulatory and supervisory authority over mutual banks from the Office of Thrift Supervision in 2011. The continued success of this model contributes to the institutional diversity of the U.S. banking…
Economic News
On July 31, 2026, staffs of the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration, issued a statement of enforcement policy in support of U.S. government efforts to facilitate humanitarian relief and promote financial…
The staffs of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency are issuing this statement of enforcement policy in support of U.S. Government efforts to facilitate economic recovery and financial stability in…
The staffs of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency are issuing this statement of enforcement policy in support of U.S. Government efforts to facilitate economic recovery and financial stability in…
However, data center construction is helping keep the region's economy afloat, according to a report from the Federal Reserve Bank of St. Louis. The district includes the eastern half of Missouri, southern Illinois, all of Arkansas and parts of Indiana, Kentucky, Mississippi and Tennessee. Charles Gascon, economist and assistant vice president at the Federal…
Three Federal Reserve officials who dissented at this week's policy meeting in favor of an interest rate hike expressed concern Friday that without an immediate increase in shortterm borrowing costs inflation will stay stuck above the Fed' s 2% target, where it has been for more than five years. A fourth U.S. central banker said he also sees a strong case for…
Federal Reserve Chair Kevin Warsh is considering reducing the number of regularly scheduled meetings at which the Fed sets interest rates, a potentially seismic move that would mark the most significant change in how the central bank operates in years. The Federal Reserve's 12- person policy committee meets eight times a year and votes on whether to lift,…
Jul. 31— The Iran war, compounding federal deficits, shrinking foreign ownership of U.S. debt and the capital-intensive AI buildout have combined to spook the U.S. That's pushed up the market yields now available on both fixed-rate and inflation-protected government bonds. Today's Treasury markets present two quite different portfolio strategies.
Federal Reserve Bank of Minneapolis President Neel Kashkari wants the Fed to start raising interest rates as inflation stays high. Kashkari was one of three regional bank presidents to oppose a Federal Open Market Committee decision Wednesday to leave rates unchanged, saying the central bank should instead raise rates a quarter point.
Federal Reserve Chair Kevin Warsh is pushing for a rethink on how inflation is measured to offer more clarity on the Fed' s policy. With tariffs pushing up prices of goods and energy markets swinging on geopolitical news, the Federal Reserve's policymaking committee concluded its July 2026 meeting with a contentious 9-3 vote to hold interest rates steady.
The government says that the U.S. economy slowed in the latest quarter, growing 1.5%. And one measure of inflation out Thursday morning shows prices rose in June, but less so compared to May. This comes a day after the Federal Reserve voted to keep interest rates steady, for now.
The average 30- year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. But then the war with Iran and the closure of the Strait of Hormuz raised the price of oil. That in turn drove up the yield on the 10- year Treasury note, a kind of security that is backed by the U.S. government.
2026 JUL 30– By a News Reporter-Staff News Editor at Middle East Daily– Researchers detail new data in Investment. According to news reporting from Abu Dhabi, United Arab Emirates, by NewsRx journalists, research stated,“ We examine whether U.S. Federal Open Market Committee meetings that include a Summary of Economic Projections are associated with…
The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs. As rates rise, that can lead prospective home shoppers to delay buying a home, one reason U.S. home sales have been sluggish this year.
—The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. Growth in U.S. gross domestic product— the nation’ s output of goods and services— decelerated from 2.1% in the first three months of 2026, the Commerce Department reported Thursday, coming in below economists'…
—The Federal Reserve’ s favored measure of inflation rose 3.7% last month, above its 2% target.
Net interest on the debt has already topped $827 billion this fiscal year, according to the Treasury Department. He pointed to a sharp rise in Treasury yields since the last meeting and said markets, not the central bank, should lead. The three who dissented– Beth Hammack, Neel Kashkari and Lorie Logan– favored a quarter-point increase, according to the statement.
Mortgage rates could drop a little over the next few days, as central bankers at the Federal Reserve ultimately decided to hold overnight borrowing rates steady at their meeting ending July 29. Mortgage rates jumped in the days leading up to the meeting, as speculation grew among futures traders that central bankers could vote to raise the federal funds rate.
In mid-July, new Federal Reserve Chair Kevin Warsh testified before two congressional committees and pledged to restore annual inflation to the central bank's stated target of 2%. Inflation flickered below 2% for much of the 2010 s, but it spiked dramatically in 2021 and 2022 as America emerged from the COVID-19 pandemic and both Donald Trump and Joe Biden…
