Tag: Banking and credit
Fed warns US financial system remains vulnerable to threats
WASHINGTON — The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including the possibility...
Powell sees need to help most vulnerable in uneven recovery
WASHINGTON — Federal Reserve Chairman Jerome Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven...
Yellen: Biden’s phased-in spending plan won’t fuel inflation
WASHINGTON — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in...
Powell’s high-stakes bet: More jobs but only mild inflation
WASHINGTON — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble.
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Merchants sue Federal Reserve over fees for debit cards
NEW YORK — Two trade groups representing businesses in North Dakota filed a lawsuit Thursday against the Federal Reserve, asking the agency to lower...
US average mortgage rates rise slightly; 30-year at 2.98%
WASHINGTON — Mortgage rates rose slightly this week after three weeks of declines as new economic data underscores the recovering economy's strength. The benchmark...
Asian lender forecasts strong rebound for region in 2021
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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Visa 2Q profits fall 2%, as economic slowdown hits payments
NEW YORK — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment...
This Week: Consumer confidence, Fed meeting, Amazon earns
A look at some of the key business events and economic indicators upcoming this week:
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