The Federal Reserve is considering changes that would soften the global systemically important banks surcharge and free up assets for banks.
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Almost half of all US households’ financial assets are tied to public stocks, a near-record high, according to recent Federal Reserve data.
Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?
As the prospect of higher-for-longer continues to sink in, small businesses are beginning to feel the pinch, per Bloomberg.
Stocks are mostly stuck in neutral as investors await two key pieces of data on Wednesday.
Christopher Waller said that the high interest rates may finally have the fight against inflation back on track.
High interest rates across the US and Europe have hurt commercial property values, but not when luxury retail is involved.
The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”
Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.
Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.
Communities are hoping that a handful of incentives might be just enough to tip the scales and create a new generation of residents.
With a sale that includes a massive $70 billion offering of 5-year notes, the government hopes to close the widening deficit.
The consumer price index offered up a surprising uptick, damaging hopes that the Fed will be cutting rates anytime soon.
Banks are finding novel ways to game the Fed’s safeguard systems, according to a Wall Street Journal analysis.