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Economic News

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Wells Fargo to Announce Third Quarter 2026 Earnings on Oct. 13, 2026

October 5, 2026

Wells Fargo& Company, as previously announced, will report its third quarter 2026 earnings results on Tuesday, Oct. 13, 2026, at approximately 7:00 a.m. Eastern time. In addition to being available on the company’ s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website. A replay of the…

U.S. adds only 29,000 jobs in lackluster September report

October 5, 2026

The U.S. added only 29,000 jobs in September, the government said in its final employment report before the midterm elections. The Bureau of Labor Statistics said the unemployment rate inched up slightly, from 4.1% to 4.2%. Heather Long, the chief economist at Navy Federal Credit Union, said healthcare, construction and manufacturing account for the bulk of job…

Rising mortgage rates haven’t slowed interest in Boise’s housing market

October 4, 2026

Around Boise, though, the elevated price of borrowing appears to be bumping up against the bounds of Idaho’ s ever-surging housing market. Buyers are aware of that trend, and are angling to grab a piece of the market before prices float out of reach, according to Jared Cook, a Boise- based regional sales manager and mortgage officer at Zions Bank.

Jobs report fuels hopeful stock market Equities close higher, rate-hike expectations down (copy)

October 3, 2026

NEW YORK- Stocks advanced Friday to close out the trading week after weaker-than-expected jobs data dampened expectations for a rate hike from the Federal Reserve at its policy meeting this month. The Labor Department said nonfarm payrolls increased by 29,000 jobs last month, with the count for the prior two months also revised sharply lower, and well below…

FEDERAL RESERVE BOARD ANNOUNCES APPROVAL OF APPLICATION BY FLEUR CAPITAL CORPORATION

October 3, 2026

The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday announced its approval of the application by Fleur Capital Corporation to acquire Simmesport State Bank, both of Simmesport, Louisiana. For media inquiries, please email or call 452-2955..

FEDERAL RESERVE BOARD ISSUES ENFORCEMENT ACTION WITH ONTARIO BANCORPORATION, INC.

October 3, 2026

The following information was released by the Federal Reserve Board:. Ontario Bancorporation, Inc., Ontario, Wisconsin. Written Agreement dated September 24, 2026.

HAWAII SMALL BUSINESSES URGED TO COMPLETE FEDERAL RESERVE CREDIT SURVEY BY NOV. 13

October 3, 2026

The Department of Business, Economic Development and Tourism is encouraging Hawaii small businesses to take part in the Federal Reserve's 2026 Small Business Credit Survey, now open through Nov. 13. Last year, feedback from Hawaii participants contributed to national reports on lending trends and the financial health of small businesses following natural…

Research Conducted at Federal Reserve Bank of Kansas City Has Updated Our Knowledge about Investment (Central Banker To the World: Foreign Reserve Management and Us Money Market Liquidity): Investment

October 2, 2026

According to news originating from Kansas City, Missouri, by NewsRx correspondents, research stated,“ We develop a model that shows how foreign reserve management decisions can adversely affect U.S. money market liquidity. Our news journalists obtained a quote from the research from the Federal Reserve Bank of Kansas City,“ Over the relevant horizon, this…

OCTOBER 01, 2026 MODERNIZING FINANCIAL REGULATION: INITIAL OBSERVATIONS FROM ESLR

October 2, 2026

It is a pleasure to be with you to discuss our work at the Federal Reserve Board and how it interacts with the U.S. Treasury market plays a foundational role in the U.S. economy. As the Treasury market grew over time, it became apparent that the eSLR was imposing a binding constraint on many large bank dealers, curtailing their capacity to provide liquidity to this…

OCTOBER 01, 2026 THE DATA VERSION OF GODZILLA VERSUS KONG: FRED TAKES ON AI

October 2, 2026

Among all the Federal Reserve's accomplishments over the years, I consider FRED to be the greatest public good that we have ever created. A crucial reason for that reputation and success has been the willingness of the leaders of the Federal Reserve Bank of St. Louis to keep their eyes on the horizon of what FRED could be, as a tool for users around the world to…

U.S. added 29,000 jobs in September; unemployment up to 4.2%

October 2, 2026

U.S. employers added just 29,000 jobs in September, well below expectations, while the unemployment rate rose to 4.2%, the Bureau of Labor Statistics reported Friday. "For the, this number should be the nail in the coffin for an October hike," Thomas Simons, chief U.S. economist for Jeffries, said of a Federal Reserve benchmark interest rate increase.

Uptick in interest

October 2, 2026

The Federal Reserve announced a 0.25% interest rate hike on Sept. 16, raising its benchmark interest rate into the 3.75% to 4% range. "The plain fact is that inflation is too high, and has been for too long," new Fed Chairman Kevin Warsh said after the announcement. Inflation has remained above the Fed' s 2% target for more than five years, worsening since the start of the…

Trona mining company bankruptcy sale closes; creditors would get 3 to 3.6 cents on the dollar under pending plan

October 2, 2026

The sale of assets of Searles Valley Minerals and affiliated companies in Trona closed as expected on Thursday. Closing of the sale of assets of the Trona companies to 5 E Advanced Materials, Inc., announced on Sept. 15 and approved by the court on Sept. 21, has been finalized according to a filing 5 E made with the Securities and Exchange Commission on Oct. 1.

THE FEDERAL RESERVE TAPS GSA TO LEAD HQ RENOVATIONS AS CHAIRMAN WARSH MOVES TO REIN IN COSTS

October 2, 2026

Chairman Warsh Partners with GSA Following Explosive OIG Report Finding Federal Reserve Renovation Costs Rose from $1.3 B to $2.4 B Under Previous Chairman Powell's Leadership. WASHINGTON, D.C. Yesterday, Federal Reserve Board Chairman Kevin Warsh announced that the U.S. General Services Administration will serve as Project Executive for the central…

BOSTON FED PRESIDENT: LOCAL LEADERS KEY TO ADDRESSING RURAL NEW ENGLAND'S CHALLENGES

October 2, 2026

The following information was released by the Federal Reserve Bank of Boston:. Rural New England doesnt fit some stereotypes about rural America with its diverse landscape and lower unemployment, according to Federal Reserve Bank of Boston President Susan M. Collins. Collins was interviewed by Axios reporter Neil Irwin along with two other Reserve Bank…

Inflation still high after slight August rise Inflation increase is less than feared, but still 'uncomfortably high'

October 1, 2026

Inflation didn't rise as much as feared in August, based on the measurement that the Federal Reserve Board prefers, but Virginia economists say a 3.4% increase over a year ago is still "uncomfortably high" as record diesel fuel prices ripple through the economy. "They're probably happy it didn't grow by more, but it's uncomfortably high," said Alice Louise Kassens,…

Study Results from Federal Reserve Bank Provide New Insights into COVID-19 (A Quantitative Analysis of Multidimensional Changes In Unemployment Insurance Policies *): Coronavirus – COVID-19

October 1, 2026

2026 OCT 01– By a News Reporter-Staff News Editor at CDC& FDA Daily– Investigators discuss new findings in Coronavirus- COVID-19. For more information on this research see: A Quantitative Analysis of Multidimensional Changes In Unemployment Insurance Policies*. Journal of Economic Dynamics& Control, 2026; 191. Journal of Economic Dynamics& Control can be…

Va. economists: Inflation rate still 'uncomfortably high' Inflation increase is less than feared, but still 'uncomfortably high'

October 1, 2026

RICHMOND- Inflation didn't rise as much as feared in August, based on the measurement that the Federal Reserve Board prefers, but Virginia economists say a 3.4% increase over a year ago is still "uncomfortably high" as record diesel fuel prices ripple through the economy. "They're probably happy it didn't grow by more, but it's uncomfortably high," said Alice Louise…

SEPTEMBER 30, 2026 THE DUAL MANDATE IN RURAL AMERICA

October 1, 2026

And thank you to the Federal Reserve Bank of Richmond and your partners across the Federal Reserve System for organizing this timely and important conference this year and for the past several years.1 It is a delight and a privilege to be back in North Carolina where I spent the summers and holidays of my childhood. This was significantly before we had AI, Google…

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