These risks escalated during the weekend when the US and Israel made a joint attack on Iran. Iran, on the other hand, has embraced a unique strategy by bombing key US bases in the Middle East. Also, the war will make it hard for the Federal Reserve to cut interest rates as Donald Trump has pushed.
Economic News
The Labor Department reported Friday that hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs. The job market had been expected to rebound this year from a lackluster 2025 when the economy, buffeted by President Donald Trump's erratic tariff policies and the lingering effects of high interest…
The Federal Reserve Board has determined that Wells Fargo& Co. has resolved the regulatory issue at the heart of its customer fraudulent account scandal. The Fed established the consent order in February 2018, foremost being an asset cap of $1.97 trillion on Wells Fargo, in response to the scandal that erupted in September 2016. Although the bulk of the 3.53…
DES MOINES— A proposal to temporarily increase a state tax on health insurance premiums to help cover a $1 billion shortfall in the state budget will impact Wellmark Blue Cross and Blue Shield, the state's largest health insurer, much less than the company originally feared, Wellmark officials and state administration leaders said Thursday.
Congressman Andy Barr, the Chairman of the Subcommittee on Financial Institutions, celebrated passage of the Main Street Capital Access Act in the House Financial Services Committee. Thats why we must advance a regulatory framework that encourages growth and fuels economic activity on Main Street. As a former community banker, I know and have seen firsthand…
A new report from the Federal Reserve Bank of Minneapolis describes the disruption to hiring and spending across a variety of industries during the federal immigration crackdown in Minnesota. A mention of the immigration enforcement action appeared in almost every section of the Beige Book from the Fed’ s ninth district, which includes Minnesota, Montana…
The Federal Reserve Board of Governors’ order that ended Thursday was tied to its 2018 enforcement action against Wells Fargo, the board said. Over a 14- year period from 2012 to 2016, hundreds of thousands of Wells Fargo’ s Community Bank employees opened millions of unauthorized or fraudulent accounts and other financial products to meet excessive sales…
The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices due to the war with Iran. Last week’ s average rate marked the first time it dropped below 6% going back to September 2022. They generally follow the trajectory of the 10- year Treasury yield, which lenders…
CPI Card Group Inc., a payments technology company providing a comprehensive range of physical and digital payment solutions for U.S. financial institutions, processors, fintechs, prepaid program managers and more, today reported financial results for the quarter and full year ended December 31, 2025, and provided its initial financial outlook for 2026..
Today, U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued a statement after the White House officially transmitted the nomination of Kevin Warsh to be Chair of the Federal Reserve to the U.S. Senate:. "Kevin Warsh would be nothing more than Donald Trump's sock puppet at the Fed. The Senate must not move…
2026 MAR 04– By a News Reporter-Staff News Editor at Economics Daily Report– New research on Investment is the subject of a report. The news reporters obtained a quote from the research from Federal Reserve Bank,“ This is an important credit market friction because households participating in the credit market use non-state-contingent nominal contracts.
2026 MAR 04– By a News Reporter-Staff News Editor at CDC& FDA Daily– Investigators discuss new findings in CDC and FDA. For more information on this research see: Real-time Estimates of Differences In Real Expenditure Growth and Inflation Across Households. Federal Reserve Bank of St Louis Review, 2025; 107: 1-22. Federal Reserve Bank of St Louis Review can be…
2026 MAR 04– By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily– Current study results on Coronavirus- COVID-19 have been published. Our news journalists obtained a quote from the research from Federal Reserve Bank,“ The surveys also show similar post-pandemic trends in WFH by firm size and industry. Our news journalists report that additional…
Payward, a unified financial infrastructure platform powering Kraken, announced that Kraken Financial, its Wyoming- chartered bank, has been granted a Federal Reserve master account. It further strengthens Payward' s unified infrastructure model by integrating Federal Reserve connectivity directly into the platform's settlement and payments layer.
Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate Wednesday, where it will be taken up by the Senate Banking Committee. Powell revealed Jan. 11 that the Justice Department had subpoenaed the Fed over Powell's Senate testimony last June about the central bank's $2.5 billion building renovation project.
U.S. Senator Cynthia Lummis, Chair of the Senate Banking Subcommittee on Digital Assets, announced that the Federal Reserve Bank of Kansas City has approved Kraken Financial for a master account. Headquartered in Cheyenne, Wyoming, Kraken Financial will be able to use its limited-purpose master account to access the payments system and settle transactions…
The following information was released by the Federal Reserve Board:. It's a pleasure to be with you this morning to open our discussion on the bank liquidity framework. Hal and his team have assembled a series of excellent panels that will further inform our approach as we consider adjusting this framework.
The Federal Reserve Bank of Cleveland issued the following news release:. Their expectations for revenue and employment growth declined to their lowest levels since 2020 but remain well above that low point, according to the 2026 Report on Employer Firms: Findings from the 2025 Small Business Credit Survey. *International trade: 48% of respondents said they…
CHEYENNE, Wyo.—- Payward, a unified financial infrastructure platform powering Kraken, today announced that Kraken Financial, its Wyoming- chartered bank, has been granted a Federal Reserve master account. The decision marks a major milestone and underscores years of sustained regulatory engagement, operational rigor, and close coordination with U.S. and…
