Powell: Two more interest rate hikes likely this year
The Federal Reserve will likely raise interest rates at least two more times this year, Chair Jerome Powell said June 29. [Continue]
The Federal Reserve will likely raise interest rates at least two more times this year, Chair Jerome Powell said June 29. [Continue]
Banking conditions in the Federal Reserve Bank of Kansas City region reflected broader industry stress during the first quarter of this year, according to a recent report. [Continue]
Artificial intelligence poses numerous benefits and risks to banks, said Acting Comptroller of the Currency Michael Hsu during an American Bankers Association conference. [Continue]
Higher bank capital requirements could reduce bank lending while benefitting nonbanks, said Federal Reserve Gov. Michelle Bowman in a June 25 speech. To Bowman, regulators should instead evaluate liquidity requirements and supervisory programs. In the wake of the failures of Silicon Valley Bank, Signature Bank and First Republic Bank, regulators must outline supervisory requirements more clearly and issue timely enforcement actions when those standards are not met, Bowman said. [Continue]
Home sales slightly increased in May but remain far lower than a year ago as high interest rates and a lack of housing supply continue to limit activity. [Continue]
Consumer sentiment increased 8 percent this month amid easing inflation and the resolution of the debt ceiling crisis, according to June’s University of Michigan Surveys of Consumers. [Continue]
Banks should customize their risk management practices proportionally to their size, complexity, risk profile and third-party relationships, federal regulators said. [Continue]
Industrial production dropped 0.2 percent in May after two straight months of increases, according to May’s Federal Reserve Industrial Production and Capacity Utilization report. [Continue]
Bank economists expect credit conditions to soften over the remainder of the year due to the economic headwinds faced by consumers and businesses, according to an ABA index. [Continue]
Federal Reserve rate hikes are the greatest challenge in the 12 months ahead, according to bankers from a 10-state region in the center of the United States. Respondents to the Rural Mainstreet Index rated rising bank regulations a distant second. [Continue]