Tagged: us federal reserve

December 18, 2024 @ 3:20 pm By JD Alois  |  

Even while economic data has been very choppy, the US Federal Reserve decided to match market expectations, cutting benchmark rates by 25 basis points. The Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 25 bps to 4-1/4 to… Read More

December 15, 2024 @ 9:28 am By Tony Zerucha  |  

Should the US Federal Reserve cut rates in December, it’ll be based on market pressure—not sound economic reasoning—and there will be no rate cuts in the first half of 2025, deVere Group CEO Nigel Green believes. His warning comes as the US Consumer Price Index… Read More

November 25, 2024 @ 9:14 am By Tony Zerucha  |  

Abrigo CEO Jay Blandford believes AI [artificial intelligence], Fed rate cuts, compliance pressures, and the fight for depositors will be some of the themes defining 2025 1. Artificial intelligence to be increasingly integrated Blandford said AI will accelerate its transition from a buzzword to an… Read More

November 7, 2024 @ 2:33 pm By JD Alois  |  

The US Federal Reserve has cut rates once again following a 50 basis point cut in September. Today, the Fed reduced benchmark rates by 25 bps. In the FOMC [Federal Open Market Committee] statement, it was noted that inflation has “made progress” towards its 2%… Read More

September 18, 2024 @ 3:20 pm By JD Alois  |  

The US Federal Reserve, Federal Open Market Committee (FOMC), has decided to cut benchmark rates by 50 basis points – the first cut in four years. The Fed said it is not on any pre-set course but felt its restrictive policies had the desired impact… Read More

September 16, 2024 @ 11:25 pm By Tony Zerucha  |  

As the U.S. Federal Reserve gathers next week, stakeholders are analyzing the potential effect of an interest rate cut. Whatever the board decides, Ivey Business School Professor Dr. Stephen R. Foerster, CFA, said there will be winners and losers. Foerster said lower ones tend to… Read More

August 20, 2024 @ 4:42 am By Tony Zerucha  |  

The United States Federal Reserve must go big with a supersized 50-basis-point interest rate cut in September to get ahead of a looming economic storm, advises deVere Group founder and CEO Nigel Green. The warning comes as consumer prices in the US inched up modestly… Read More

July 31, 2024 @ 2:43 pm By JD Alois  |  

The US Federal Reserve has held rates steady, holding off on rate cuts that many anticipate this coming fall. While Fed Chairman Jerome Powell said they had made much progress on their goal of inflation of 2% and full employment, the Federal Open Market Committee… Read More

July 29, 2024 @ 11:29 pm By Michael Wong  |  

The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) have issued a joint statement highlighting potential risks associated with banks’ partnerships with third parties, particularly Fintech firms. The regulators aim to underscore the importance of effective risk… Read More

July 18, 2024 @ 9:52 am By Omar Faridi  |  

July 20, 2024, will mark exactly one year since the Federal Reserve announced the launch of the notable FedNow Service, which has allowed customers at participating financial institutions to make payments that can be sent and received at any time, immediately available to use. The… Read More

May 1, 2024 @ 3:46 pm By JD Alois  |  

The US Federal Reserve’s Federal Open Market Committee (FOMC) decided to hold rates steady today. While no one was expecting a move in either direction, markets were keenly watching the FOMC statement to determine the Fed’s thinking regarding future rate adjustments. The target range for the… Read More

March 20, 2024 @ 3:01 pm By JD Alois  |  

As anticipated, the US Federal Reserve has held benchmark rates steady while expecting three rate cuts later in 2024. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent while reiterating its commitment to… Read More

February 6, 2024 @ 3:14 pm By JD Alois  |  

The debt train keeps on running. A New York Fed report published today shares that total household debt has now topped $17.5 trillion as of Q4 2023. If you compare it to the same quarter in 2022, when total debt stood at $16.9 trillion, this… Read More

January 31, 2024 @ 2:47 pm By JD Alois  |  

The US Federal Reserve announced that it has decided to hold benchmark rates steady at a rate of 5.25% to 5.5% today, as the Wall anticipated. The statement issued by the Federal Open Market Committee (FOMC) indicated that job gains have moderated since early last… Read More

November 6, 2023 @ 5:03 pm By JD Alois  |  

The US Federal Reserve recently published a paper on the potential impact of a Central Bank Digital Currency (CBDC) on the financial system. Currently, many jurisdictions around the world are investigating the possibility of issuing a digital currency – including the US. China is already… Read More

November 1, 2023 @ 3:49 pm By JD Alois  |  

The US Federal Reserve held rates steady today following a meeting of the Federal Open Market Committee (FOMC). While inflation remains stubbornly high and economic activity robust, the Fed decided it was better to wait and see if the following months of rapid rate increases… Read More

September 8, 2023 @ 10:33 am By JD Alois  |  

In a speech delivered at the Annual Fintech Conference in Philadelphia, US Federal Reserve Vice Chair for Supervision Michael S. Barr spoke about the Fed’s role in supporting innovation. Barr noted that not that long ago, cash in trucks was the preferred method of moving… Read More

August 28, 2023 @ 12:52 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, along with the Chairman of the Digital Assets, Fintech Subcommittee, French Hill, and the Chairman of the Oversight and Investigations Subcommittee, Bill Huizenga, have sent a letter to US Federal Reserve Chair Jerome Powell, criticizing… Read More

August 26, 2023 @ 1:05 pm By Omar Faridi  |  

The Federal Reserve Bank’s ongoing efforts to ease inflation by increasing net borrowing costs and then cooling demand for products/services could begin to undermine investments in innovative tech that might make the economy more robust in the long-term. This, according to research released this past… Read More

August 13, 2023 @ 10:49 pm By Tony Zerucha  |  

While the US Federal Reserve’s recent announcement of a Novel Activities Supervision Program is a step in the right direction, the work is far from over, the leader of the American Fintech Council believes. The Novel Activities Supervision Program is designed to enhance the oversight… Read More