The following information was released by the Credit Union National Association:. According to the committee, "implications of developments in the Middle East for the U.S. economy are uncertain," and it will consider incoming data, the evolving outlook, and the balance of risks in considering potential additional adjustments. The Committee's inflation…
Economic News
What's being proposed: a temporary tax increase on health insurers and additional withdrawals from a state reserve fund to offset impacts on the state's budget from federal tax cuts contained in the Republicans' "One Big Beautiful Bill" Act. House Democrats requested Wednesday's public hearing to give the public more time to weigh in on the proposal after it…
—President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. Yet Warsh's confirmation has been delayed by a Justice Department investigation into brief comments Powell made before the Senate Banking Committee last June about the Fed's building renovation. Thom Tillis, a North Carolina Republican, has said he won't…
The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season. Only three weeks ago, the average rate had dropped to just under 6% for the first time since late 2022, but it has risen every week since the war with Iran started, rattling financial…
With interest rates around the world remaining low and members of the Federal Reserve Board divided after its Jan. 27-28 meeting on whether to keep rates where they are now, or push them even lower, investors should be aware of how they are positioned if seeking income from their equity and bond investments. "Investors are always looking for income; however,…
European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty
—The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices- but that the long-term impact on consumer prices and the economy was uncertain. The ECB move follows a decision earlier on Thursday by the Bank of England to hold its main interest rate at…
An expansive new report from the nonpartisan Common Sense Institute— "The Inflation Hangover: How the Post-Pandemic Price Surge Reshaped Affordability in America"— digs deep into the causes and where Colorado now falls into the mix. Meanwhile, the Federal Reserve pushed interest rates to zero and expanded its balance sheet by $3 trillion through "quantitative…
–The Federal Reserve kept interest rates unchanged on Wednesday and reiterated plans to cut rates later this year, even as rising energy prices from the Iran war threaten to prolong the administration's efforts to control inflation ahead of the midterm elections. The sole dissenting vote came from President Donald Trump's newest FOMC appointee, Stephen…
Set for Friday, March 27, at 8 a.m., the forum will take place at the ETSU Martin Center for the Arts. Tony Pittarese, dean of the College of Business and Technology. In his role, Barkin oversees the Richmond Fed's operations and serves on the Federal Reserve System's Federal Open Market Committee.
Gold prices often drop as the economy improves, and news reports initially attributed the drop to a surge in business confidence after the president chose a moderate to head the Fed, the USA's central bank. The sudden drop in gold and silver prices in January wiped out $7 trillion in paper wealth in two days. That is equivalent to the combined national debts of the…
QuSecure™, Inc., the market leader in post-quantum cybersecurity and cryptographic agility, today announced that the Post-Quantum Financial Infrastructure Framework submitted to the U.S. Securities and Exchange Commission’ s Crypto Assets Task Force specifically cites QuSecure’ s, Banco Sabadell’ s, and Accenture’ s four-month banking deployment as a…
An expansive new report from the nonpartisan Common Sense Institute—“ The Inflation Hangover: How the Post-Pandemic Price Surge Reshaped Affordability in America”— digs deep into the causes and where Colorado now falls into the mix. Meanwhile, the Federal Reserve pushed interest rates to zero and expanded its balance sheet by $3 trillion through“ quantitative…
The bill was tentatively scheduled for debate Thursday in the Iowa House after it passed the Appropriations Committee in a 14-10 vote Monday. The proposal also would transfer $296.2 million from the Iowa Taxpayer Relief Fund to account for state revenue decreases caused by tax cuts through the "One Big Beautiful Bill" Act approved by President Donald Trump…
A bill advancing rapidly in the Iowa House would make a one-time tax increase on some health insurers and draw money from the Taxpayer Relief Fund to address the state's Medicaid shortfall. The bill would also include a $296.2 million transfer from the state's Taxpayer Relief Fund to account for state revenue declines caused by changes made through the…
What's being proposed: a temporary tax increase on health insurers and additional withdrawals from a state reserve fund to offset impacts on the state's budget from federal tax cuts contained in the Republicans' "One Big Beautiful Bill" Act. House Democrats requested Wednesday's public hearing to give the public more time to weigh in on the proposal after it…
William McChesney Martin Jr. was chairman of the Federal Reserve Board from 1951 to 1970. He is perhaps best known for his "punch bowl" speech delivered on October 19, 1955, to the New York Group of the Investment Bankers Association of America. Recently, Nick Timiraos, a prominent monetary journalist for the Wall Street Journal, wrote: " The Fed continued to raise…
Powell also said he would remain a member of the Fed board of governors until the Justice Department ends its criminal probe of his handling of renovations to the central bank's headquarters in Washington, D.C., along with his June 2025 testimony about the matter before the Senate Banking Committee. Powell confirmed in January that the DOJ sent him and the Fed…
The following information was released by the Association for Manufacturing Technology:. McLean, Va. The Federal Reserve opted to keep interest rates steady today at a target range of 3.5% to 3.75% in a move that was widely anticipated by financial markets. Manufacturers who rely on large capital purchases can more confidently make those investments in a more…
WASHINGTON- The U.S. central bank held interest rates steady on Wednesday and projected higher inflation, steady unemployment and a single reduction in borrowing costs this year, a path that Federal Reserve Chair Jerome Powell said was subject to unusually high uncertainty as policymakers take stock of the impact of the U.S. and Israeli war with Iran.
