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The United States' economy is extremely resilient overall, but the growth supporting it is uneven, said Cortney Cowley, assistant vice president and Oklahoma City Branch executive of the Federal Reserve Bank of Kansas City. Cowley discussed the economic outlook for the United States and Oklahoma during the Lawton Fort Sill Chamber of Commerce's State of…

—Federal Reserve Chairman Kevin Warsh said Friday he won’ t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December. The Fed increased its key interest rate by a quarter-point to about 3.9% in September, its first increase in three years, and stubbornly elevated U.S. inflation will likely lead it to hike that…

The following information was released by 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 Minneapolis is responsible for the Ninth Federal Reserve…

Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans. Mortgage rates have been climbing since late February, when the U.S. war with Iran began, pushing up the price of oil…

Higher energy prices drove up inflation in the United States in September, a warning shot to President Donald Trump before midterm elections that have centered primarily on affordability concerns. The consumer price index report, released by the Bureau of Labor Statistics on Wednesday, showed that overall prices rose 0.6%, the largest monthly increase in…

U.S. stocks dropped to their worst day since July. The S&P 500 fell 1.1% Wednesday and had its fifth loss in the six days since setting its all-time high. A report showing inflation accelerated last month raised expectations on Wall Street that the Federal Reserve will raise interest rates.

—Worries about worsening inflation are weighing on the U.S. stock market Wednesday and pulling Wall Street further from its record. Stocks felt pressure from rising yields in the bond market, where worries grew after a report said U.S. consumers had to pay prices for fuel, food and other costs of living last month that were 3.7% higher than a year earlier.

"Surging Treasury yields carry real consequences for American families. Rising Treasury yields increase mortgages, car loans, and credit cards, adding even more costs to Americans' monthly budgets. Senator Elizabeth Warren, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, wrote to Treasury Secretary Scott Bessent regarding…

The Federal Reserve increased the Fed Funds rate by a quarter point the week before last. Markets had fully anticipated the increase, and the Fed delivered. Markets surged a day after the increase, showing approval of the Fed' s commitment to fighting inflation.

The figures will likely underscore the lingering impact of the Iran war on gas prices and the stubborn persistence of inflation, which has fallen sharply from a 9.1% peak in 2022 but has ticked higher since the war began in late February. Elevated inflation has posed political problems for Republicans in Congress and is a challenge for the Federal Reserve,…

Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, will serve as the featured speaker at the chamber's Power in Partnership breakfast on Oct. 15, at 7:30 a.m. at Trinity Oaks. He serves on the Federal Open Market Committee, the Federal Reserve's chief monetary policy body, and is also responsible for the Richmond Fed's bank supervision and the…

The Securities and Exchange Commission moved for entry of a final judgment by consent against Stephen Kenneth Leech II, the former co-chief investment officer of registered investment adviser Western Asset Management Company LLC, whom the SEC previously charged with a multi-year cherry-picking allocation scheme. As alleged in the SEC's November 2024…

The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years. The increase defied President Donald Trump's repeated calls for the Fed…

If Federal Reserve Chair Kevin Warsh thinks he has a difficult inflation challenge with Trump breathing down his neck for lower interest rates, he should spare a thought for Christine Lagarde, the president of the European Central Bank. While inflation has been rising, France appears to be on the cusp of a full-blown government bond market crisis due to the…

Higher energy prices translate to both higher inflation and rising 10- year Treasury yields. "With inflation still running well above target and no sustained relief from lower oil prices, the path of least resistance for rates remains higher," says Nicole Rueth, senior vice president at CrossCountry Mortgage. The Mortgage Bankers Association and Fannie Mae…

According to news reporting originating in Budapest, Hungary, by NewsRx editors, the research stated,“ This study investigates whether the effectiveness of monetary policy changes depending on the level of the interest rate. The news reporters obtained a quote from the research from Central Bank Corporation,“ We employ a novel approach based on the…

2026 OCT 06– By a News Reporter-Staff News Editor at NewsRx COVID-19 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…