The following information was released by the Federal Reserve Board:. I appreciate the invitation to speak here at Oakland Tech Week and for the opportunity to return to the East Bay, where I lived and spent several formative years when I attended graduate school at Berkeley.1 Oakland was a vibrant, exciting place then and is an even more vibrant and exciting…
Economic News
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
In a unanimous 12-0 decision, the Federal Reserve raised its benchmark lending rate by a quarter of a percentage point, to a target range of 3.75%-4%. In explaining the first interest rate hike in three years, Fed Chair Kevin Warsh said that, "Inflation is the problem. Economist Guy Berger notes that looking back at what the Fed had expected at the end of last year, "the…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate- now ranging…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
In a unanimous 12-0 decision, the Federal Reserve raised its benchmark lending rate by a quarter of a percentage point, to a target range of 3.75% to 4%. In explaining the first interest rate hike in three years, Fed Chair Kevin Warsh said that, "Inflation is the problem. Economist Guy Berger notes that looking back at what the Fed had expected at the end of last year, "the…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday announced its approval of the application by Peoples Bancorp Inc., of Marietta, Ohio, to merge with Citizens National Corporation, and thereby indirectly acquire Citizens Bank of Kentucky, Inc., both of Paintsville, Kentucky. The Board also gave its…
Dave McCormick, R- Pa., says putting AI regulation in the hands of the federal government poses risks and instead offered a different solution that he believes would be better equipped to handle the evolving technology. FINRA, under the oversight of the Securities and Exchange Commission, or SEC, is a self-regulatory organization for member broker-dealers that…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
Interest rates, interest rates, interest rates… an item that we seem to discuss with clients daily. If you've been following the news lately, you've likely heard that the Federal Reserve recently raised interest rates for the first time since 2023. The goal is to help bring inflation under control by making borrowing more expensive, which can slow spending and…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the U.S. economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate- now ranging from 3.75%…
The U.S. central bank likely will need to raise interest rates again to curb unacceptably high inflation, two Federal Reserve policymakers said Thursday. "Returning inflation to 2% is a top priority, and I will support the policy path that gets us there while carefully weighing risks to the labor market along the way," Philadelphia Fed President Anna Paulson told…
INTEREST RATES: The U.S. central bank likely will need to raise interest rates again to curb unacceptably high inflation, two Federal Reserve policymakers said Thursday. ECONOMY: New claims for U.S. unemployment benefits hovered near 57- year lows last week, suggesting the labor market regained momentum after struggling through much of summer.
The Federal Reserve issued the following news release:. Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. The first proposal would require that Board-supervised payment stablecoin issuers fully back their stablecoins…
Volusia County’ s job market continued to show some strength in August with the unemployment rate edging down and the number of jobs edging up. The agency reported the Volusia-Flagler area had 230,600 non-agricultural jobs in August, up 800 from July and up 2,000 from August 2025. With the Federal Reserve raising interest rates, the Middle East conflict and the…
The Federal Reserve raised interest rates on Sept. 16 for the first time since 2023. On a $300,000 loan, increasing the mortgage rate from 6.75% to 7.75% raises the rent needed to maintain the same debt coverage by 8.3%. The Fed's outlook may matter more than the hike.
Montana Attorney General Austin Knudsen led a 22- state coalition of attorneys general in urging the U.S. Securities and Exchange Commission to strictly scrutinize Moody's Corporation, a credit rating agency, after the agency published a report that relies on false environmental, social, and governance predictions. In the letter to K. Scott Davey, acting…
NEW YORK/ LONDON- US Treasury yields rose and the 30- year bond yield touched its highest level since 2004 on Thursday, with the recent rout in bond prices deepening as more Federal Reserve officials said additional interest rate hikes may be needed to curb high inflation. The comments from the Fed policymakers, including Philadelphia Fed President Anna…
