The Federal Reserve has decided to keep rates at their current rate of 5.25% to 5.5%. The central bank’s policy making Federal Open Market Committee stated that “economic activity has been expanding at a solid pace,” with strong job gains and low unemployment. And...
Atlanta Federal Reserve President and CEO Raphael Bostic predicted the central bank’s policymaking Federal Open Market Committee could begin to cut rates in the third quarter or even earlier. In prepared remarks published ahead of an appearance before an Atlanta...
Federal Reserve Governor Christopher Waller said the U.S. economy was “within striking distance” of the central bank’s goal of a 2% inflation rate, but he cautioned against pushing for interest rate cuts until a lower inflation environment was sustainable....
Federal Reserve Bank of Philadelphia President Patrick Harker stressed the importance for the central bank to lower interest rates – just not in the immediate future. Speaking today in an interview with the Philadelphia radio station WHYY, Harker said, “It’s important...
A Phil Hall Op-Ed: Over the past couple of weeks, there have been a number of forecasts about where the U.S. economy in general – and the housing market, in particular – will be heading in 2024. There are a few easy predictions that I can make. For starters, I can...
First Mid to Acquire Evergreen Bancshares in $70.7 Million Regional Bank De…
