Home borrowing costs climbed for the second consecutive week as the average long-term U.S. mortgage rate approached 6.5 percent, dealing another blow to prospective buyers in a persistently sluggish housing market, according to Freddie Mac. The upward trajectory in rates closely tracks the movement of the 10- year Treasury yield, which serves as the primary…
Economic News
Congress returns to Washington, D.C. today with both chambers' versions of the FY27 National Defense Authorization Act on the agenda, although it is unclear if each will have the votes to tackle the bills this week. Also on Capitol Hill, acting CFPB Director Russell Vought will testify before the House Financial Services Committee Wednesday and the Senate…
The following information was released by the Federal Reserve Board:. Our efforts in the United States have been progressing swiftly over the past year, and most jurisdictions around the world have undertaken similar reviews of their respective regulatory and supervisory financial system frameworks. Today, I will outline these principles, and I will share…
“From where we sit, the outlook may call for positioning that is less a bet on catastrophe than an insistence on being paid to wait– on cash flows, uncorrelated return streams, and discipline on long-duration equity,” says Mrs. Burton. With the Federal Reserve leaning hawkish and the 10- year Treasury near 4.5%, Mrs. Burton urges allocators to stay invested in quality…
—American consumers— and the Federal Reserve— are being hit with another high-cost headache. While it won't be as large a spike as occurred in 2021-2023, when inflation peaked at 9.1%, massive AI spending is likely to keep prices rising more quickly than the Federal Reserve would like. Inflation last month likely cooled as gasoline prices have fallen after a…
Despite Oklahoma's relatively slow job growth last year, Tulsa is faring better, an economist with the Federal Reserve Bank of Kansas City said. "One pocket of real strength across the state has been Tulsa," said Cortney Cowley, Oklahoma City branch executive and assistant vice president for the KC Fed. Cowley also serves as a special adviser on agriculture to Miki…
The head of BOK Financial— a $54 billion Tulsa- based institution with operations now in eight states— expressed optimism about the economy in Oklahoma and the U.S. In a wide-ranging interview with the Tulsa World last week, Kymes expressed his opinions on the banking industry, the new chairman of the Federal Reserve and Tulsa's economy. Kymes said he was recently…
The Supreme Court has recognized the Federal Reserve as a special case among the government's numerous independent agencies— one that requires protection from White House interference. "If the very idea of independent agencies violates the constitutional separation of powers, as the FTC ruling contends, what makes the Fed so special? In the FTC case, the court…
The Economist ran a memorable front-page cover in 2006 when Ben Bernanke replaced Alan Greenspan as Federal Reserve Chairman. Kevin Warsh replaced Jerome Powell in June as the Fed's chairman. According to the Congressional Budget Office, our government is set to run budget deficits of at least $2 trillion, or 6 percent of GDP, annually for as long as the eye can…
The important decisions of the Supreme Court of the United States this summer include two regarding the limits of presidential power. At the same time, the Court also has ruled that the Federal Reserve does not fall under this general executive rule. In the late 1950 s, economist William Phillips at the London School of Economics discovered a strong inverse…
A gambling tax hike in the Netherlands has fallen well short of its projected revenue target, according to a recent analysis by iGaming Business. For bettors in Pennsylvania and across the U.S., the Dutch shortfall is worth watching. What happened in the Netherlands.
2026 JUL 10– By a News Reporter-Staff News Editor at CDC& FDA Daily– Research findings on CDC and FDA are discussed in a new report. The news correspondents obtained a quote from the research from the Federal Reserve Bank of Boston,“ It finds that the spending response to these payments is similar on impact to the response to a temporary change in regular income, and…
The following information was released by the Federal Reserve Board:. The Federal Reserve on Thursday announced the leadership and objectives of its task forces to advance the conduct of monetary policy. "The Federal Reserve's commitment to price stability and maximum employment is unwavering.
The following information was released by the Federal Reserve Bank of New York:. Before I go further, I will give the usual disclaimer that these views are my own, and not necessarily those of the Federal Reserve Bank of New York or the Federal Reserve System. 1. The Federal Open Market Committee has directed the Desk to maintain ample reserves by increasing SOMA…
Dallas Fed President Lorie Logan delivered these remarks during the The Future of Market Liquidity and Functioning Workshop at the Federal Reserve Bank of New York. Core U.S. financial markets are ordinarily extremely liquid, especially the Treasury and money markets that underpin the financial system and monetary policy implementation.
The Supreme Court has recognized the Federal Reserve as a special case among the government's numerous independent agencies- one that requires protection from White House interference. At the same time, the liberals plus Chief Justice John Roberts and Justice Brett Kavanaugh voted to block the president's attempt to sack Lisa Cook, a Fed governor, "for cause."
Federal Reserve Chairman Kevin Warsh tapped a broad and intellectually diverse group of economists and former central bankers to oversee the five task forces he is establishing to review the U.S. central bank's operations, covering technical issues like management of its balance sheet as well as forward-leaning ones like the impact of artificial…
I'm not one to distinguish investors based on gender– I believe that investing is gender-neutral. However, a number of studies raise some valid points about women's comfort with investing. The Federal Reserve "Economic Well-Being of Households in 2025" survey of nearly 13,000 respondents reported that only about 2 out of 5 women were mostly or very comfortable…
2026 JUL 09– By a News Reporter-Staff News Editor at TB& Outbreaks Daily News– Data detailed on Economics have been presented. According to news reporting from New York City, New York, by NewsRx editors, the research stated,“ How does proximity to coworkers affect training and productivity? The news correspondents obtained a quote from the research from Federal…
