Economic News

According to Agriculture Department economists,“ In 2026, overall food prices are expected to increase more slowly than the historical average rate of growth.”. The Federal Reserve says there has been a 5% dip in the number of hiring notices posted on Indeed, the online jobs board. Donald Trump is fighting back against the perception.“ The Democrats love to say,‘…

—A leading candidate to be President Donald Trump's choice for Federal Reserve chair said that he would present the president's views to Fed officials for their consideration but they could reject them if they chose when making decisions on interest rates. Kevin Hassett, in an interview Sunday on CBS News'“ Face the Nation,” said he would continue to speak with…

The GBP/USD has gained since the U.S Fed’ s interest rate cut announcement on Wednesday. But something curious happened, instead of seeing selling build after the anticipated interest rate cut from the U.S central bank, the GBP/USD solidified upwards. Because Jerome Powell will not be in charge of the Federal Reserve after May of 2026..

According to a Nov. 24 note from the Federal Reserve Bank, "auto loan debt increased to levels not observed since the Great Financial Crisis, raising concerns about the health of household balance sheets." About 3.88% of auto loans were past due as of the end of October, according to the Federal Reserve Bank. Repossessions hit an estimated 2.3% in 2024, according to…

WASHINGTON— The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but indicated it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. EPSTEIN: Secret grand jury transcripts from Jeffrey Epstein's 2019 sex trafficking…

The following information was released by the National Restaurant Association:. Board of Governors of the Federal Reserve. 20th Street and Constitution Avenue, NW.

The following information was released by the National Restaurant Association:. Urging the U.S. Treasury, the Federal Reserve, and the coin supply chain to work together to ensure the nationwide circulation of the penny. The Association recently sent a letter to the U.S. Treasury and the Federal Reserve, asking the regulators to ensure pennies continue to…

"This year's increase reflects labor market pressures and economic uncertainty, not tariffs— True Love's list is all domestic," said Amanda Agati, chief investment officer of PNC Asset Management Group. PNC Bank has offices across northeast Indiana and one in Coldwater, Michigan. It operates an ATM in Angola and offices in Auburn and Fort Wayne.

Federal Reserve reduces interest rate. WASHINGTON— The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but indicated it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. EXECUTIVE POWER: The Supreme Court on Monday…

WASHINGTON— The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but indicated it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. EPSTEIN: Secret grand jury transcripts from Jeffrey Epstein's 2019 sex trafficking…

The following information was released by the Federal Reserve Bank of Atlanta:. A History of the Federal Reserve Bank of Atlanta. A History of the Federal Reserve Bank of Atlanta: provides a detailed review of the Bank's first 75 years.

Faced with the choice, the U.S. Federal Reserve considers unemployment a greater threat to the economy than higher inflation. It is why they lowered interest rates again by one quarter point to close out the year. The central bank not only cut rates but also promised to begin buying $40 billion worth of short-term Treasury bills starting Friday.

In a major milestone to drive digital asset adoption, The Depository Trust& Clearing Corporation, the premier post-trade market infrastructure for the global financial services industry, announced that its subsidiary, The Depository Trust Company, has received a No-Action Letter from the U.S. Securities and Exchange Commission to offer, under federal…

The average rate on a 30- year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation. They generally follow the trajectory of the 10-…

Through an annual Shop Small Impact Study, leading financial services provider American Express found that 68 cents of every dollar spent in a small business is recirculated in the local community. "I think anytime that we don't know exactly what's happening in the government or with the economy, it's natural for everyone to sort of withdraw, realign their…

Last week, the price of copper climbed to $11,617 per ton, marking a more than 30% gain for the year and signaling more than a typical commodity upswing. The current environment reflects a fundamental shift in the global copper ecosystem, where short-term influences like expectations of Federal Reserve easing and U.S. tariff uncertainty intersect with powerful, […]

Federal Reserve Bank of Chicago President Austan Goolsbee has explained his decision to vote against the Fed’ s decision to cut interest rates by a quarter percentage point on Wednesday. While he voted to lower rates at the September and October Federal Open Market Committee meetings, Goolsbee said the panel should have waited to get more data, especially…

The Federal Reserve Board on Thursday announced its approval of the application by Banco BTG Pactual S.A., of Rio de Janeiro, Brazil, its parent holding companies, and subsidiary, BTG Pactual Bancorp, LLC, of New York, New York, to acquire M.Y. Safra Bank, FSB, of New York, New York.

The Federal Reserve Board on Thursday announced its approval of the application by The PNC Financial Services Group, Inc., of Pittsburgh, Pennsylvania, to acquire FirstBank Holding Company, and thereby indirectly acquire FirstBank, both of Lakewood, Colorado.