Minutes of the Federal Reserve’s latest policy meeting show that a few participants thought the Fed’s key rate would need to “become modestly restrictive for a time” to prevent inflation from climbing too high.
Today—as it was in 1993 when the bank launched—its leaders focus on reaching customers in four categories: small to medium-sized businesses, professionals, not-for-profit organizations and money management. “We haven’t changed that strategy in 25 years,” said Mickey Maurer, the bank’s board chairman.
President Donald Trump repeatedly criticized the Federal Reserve over the past 24 hours as markets plunged, saying the central bank was “going loco” with too many interest hikes.
President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.
The Federal Reserve on Wednesday lifted its short-term rate for the eighth time since late 2015, and the Fed indicated that it expects to continue gradual increases.
The modest rate increase that's widely expected reflects the continued resilience of the U.S. economy, now in its 10th year of expansion, the second-longest such stretch on record.
The new record comes on the heels of other signs that consumers are finally shrugging off a recession hangover, despite stubbornly stagnant wages that haven’t matched mushrooming corporate revenue.
An analysis by OneAmerica of 32 major life insurers found that it was the only one that realized a gain on its investment portfolio from 2008-2010.
Erik Miner succeeds Leslie Carter-Prall, who was recently promoted to leader of private wealth management throughout Regions’ entire 15-state territory.
Federal Reserve Chairman Jerome Powell said the Fed recognizes the need to strike a careful balance between its mandates of maximizing employment and keeping price increases stable.
In a brief policy statement, the Federal Reserve noted a strengthening labor market, economic activity growing at “a strong rate,” and inflation that’s reached the central bank’s target of 2 percent annual gains.
Lake City, part of Warsaw-based Lakeland Financial Corp., will open an office this fall at 101 W. Ohio St.
Wells Fargo is one of the last remaining big banks to settle charges related to its role in the subprime mortgage crisis.
Experts say variables include what type of loans a bank has on its books, local competition and marketplace demand.
The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth over time.
In his semi-annual testimony to Congress on Tuesday, Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy.
In an interview Thursday, Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the economy, noting that unemployment is at its lowest point in nearly two decades and inflation is rising toward the Fed’s optimal range.
A national credit-reporting and mortgage-data company founded in San Diego plans to spend nearly $3.6 million to establish its headquarters and operations center downtown in the Landmark Center.
A survey released Monday shows that only 30 percent of companies tried to raise outside financing during the previous three months.
The acquisition will add three banking offices to Merchants’ subsidiary, Joy State Bank.
