The Financial Crimes Enforcement Network and U.S. banking agencies today released guidance for financial institutions on how to share financial| ABA Banking Journal
Independence of monetary policy is a critical element for the Federal Reserve’s success, economist Stephen Miran said during his nomination hearing for an open seat on the Fed board. The post Fed nominee Miran stresses central bank independence appeared first on ABA Banking Journal.| ABA Banking Journal
Most of the 12 Federal Reserve districts reported little or no change in economic activity since July, with the four that differed reporting modest growth, according to the Fed’s sixth Beige Book report of the year. The post Beige Book: Little change in recent economic activity appeared first on ABA Banking Journal.| ABA Banking Journal
In a rare and candid interview with the Financial Times, hedge fund billionaire Ray Dalio issued a sobering assessment of the current U.S. economic and political climate, drawing direct parallels to a troubled past. Dalio told the FT that “gaps in wealth”, “gaps in values” and a collapse in trust ... Read More| The Acquirer's Multiple®
On August 15, the Federal Reserve Board announced that it has rescinded its 2023 supervisory letter establishing the Novel Activities Supervision Program (NASP). The program had focused on overseeing banks’ involvement in crypto assets, distributed ledger technology, and fintech partnerships. The Fed explained that it has “strengthened its understanding” of these activities and will return to supervising... Continue Reading|
Average mortgage rates in August continued their steady decline and are now at their lowest rate since last November. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.59%, 13 basis points (bps) lower than July. Meanwhile, the 15-year rate declined 15 bps to 5.71%. Compared to a year ago, the 30-year rate is higher…| Eye On Housing
InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s an old Wall Street saying: “Don’t fight the Fed.” What it means is simple. When the Federal Reserve is cutting rates and flooding the system with liquidity, you want to be long. When they’re hiking rates and tightening, you don’t want to be the one standing in front of that freight train. The Fed… The post From Washington’s Wallet to Wall Street Wins: Why KRMN Could Be the Next Triple-Digit Trade appeared f...| | InvestorPlace
The number of contract signings dropped this July, per the National Association of Realtors® (NAR). NAR found that nationally, pending| RISMedia
Is the Fed finally going to cut interest rates this month?| CryptoPotato
Reliance on the front end of the Treasury curve, and a drawdown in the repo facility, open the government to the risk of increased volatility, ... READ MORE >| The Real Economy Blog
It would be unusual for all of the other board members to serve out their entire terms, but if they did, then five of the six current members would remain in office beyond the end of Trump’s second…| Economist Writing Every Day
Support Notes on the Crises! Hello readers; I’m long overdue for major updates across a whole range of issues. I have continued to work full time on Notes on the Crises but the work of setting up a physical office takes significant time and energy. Among other things, I| Notes on the Crises
Today on TAP: Trump didn’t give a reason for firing other members of independent agencies. Roberts can say he gave one here.| The American Prospect
Georgetown law professor Adam Levitin eviscerates the purported Trump case for removal of Federal Reserve governor Lisa Cook.| naked capitalism
How the US stablecoin/digital yuan arms race creates instability risks and undermines monetary sovereignity around the world.| naked capitalism
The American Bankers Association today recommended that federal regulators quickly finalize a series of proposed changes to the enhanced supplementary| ABA Banking Journal
[vc_row][vc_column][vc_column_text]Join Federal Reserve Financial Services (FRFS) this fall at upcoming conferences, where industry experts and professionals will be engaging around the momentum for instant and faster payments adoption, fraud trends and latest prevention and mitigation tools and efforts, the value and opportunities of payments standards, and more. Here’s a preview of key events (Off-site). Jack Henry™ Connect: Sept. 8-11, San Diego, CA Jack Henry Connect (Off-site) offer...| FedPayments Improvement
The Federal Reserve Board was set up to be free from political interference so that it could engage in the uncertain art of steering the economy without regard to the needs and desires of elected officials. Board members are appointed by the president to staggered 14-year terms and confirmed by the Senate. But now Donald … Continue reading "Andrew Jackson redux? Trump’s attacks on the Fed echo a predecessor’s ruinous bank veto."| Media Nation
Agencies such as Fitch Ratings have trimmed their forecasts for global economic growth in 2025 and 2026 following the White House’s April announcement of “reciprocal tariffs” levied against its trading partners. With the U.S. Effective Tariff Rate at its highest level in nearly a century, analysts expect global GDP growth to slow decisively. The post World Economy to Slow Sharply in Wake of US Tariff Shock appeared first on International Banker.| International Banker
United States Treasury securities have long been the world’s financial safe haven, with the yield on the 10-year Treasury bond serving as the financial system’s benchmark. All of the preconditions are in place for a significant increase in long-term Treasury rates. It is critical to prepare for this threat and all of the attendant consequences. The post Prepare for Higher Long-Term Interest Rates appeared first on International Banker.| International Banker
US equity futures dropped, extending the recent selloff into its fifth day, as traders stayed guarded ahead of the Federal Reserve’s gathering at Jackson Hole. As of 8:00 am, S&P 500 futures fell 0.2%, while Nasdaq 100 futures were flat after a two-day selloff that erased 2% off the index. In premarket trading, Nvidia rose 0.8% while most Magnificent Seven peers posted losses. Retail giant Walmart brought Q2 earnings season to an unofficial close after reporting an EPS miss (68c vs exp. 74c...| SHTF Plan
Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor...| Auto Finance News
US President Donald Trump is weighing legal action against Federal Reserve Chair Jerome Powell, tying the clash to his demand for an immediate interest rate| Bitcoinist.com
On Tuesday, the Labor Department reported that U.S. inflation remained stable in July, with consumer prices rising by 2.7% compared to the previous year. Meanwhile, core prices, excluding the often-fluctuating food and energy costs, rose to their highest point in five months at 31%. The figures indicate that falling gas and grocery prices are counteracting […]| ASBN Small Business Network
The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't understand the terms of the emerging credit offering.| American Banker
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology| ABA Banking Journal
The Fed should be replaced by free markets, not unbridled presidential power.| Reason.com
It is time for Congress to rein in and audit the Federal Reserve as it continues to undermine the U.S. dollar and usurp new powers, explained U.S. Congressman Warren Davidson on Conversations That Matter with The New American magazine Senior Editor Alex Newman. Davidson, who has sponsored and co-sponsored multiple bills targeting the Fed, warned ... The post Time to Take Aim at Federal Reserve: US Rep. Davidson appeared first on The New American.| The New American Podcast
The American Bankers Association yesterday said it supports proposed revisions to the Call Report that ease a compliance burden on| ABA Banking Journal
Bitcoin took a symbolic step into the US central bank on Thursday as President Donald Trump nominated Dr. Stephen Miran, the White House Council of Economic| Bitcoinist.com
Presidente deu a declaração após um oficial da Casa Branca afirmar que a demissão de Powell do Fed poderia ocorrer em breve, após uma reunião de Trump com legisladores republicanos| Bloomberg Línea Brasil
Sellers are trapped in low-rate loans. Buyers can’t climb high enough to reach inflated prices. And the market, once again, is frozen by design.| Blaze Media
Publisher’s note (Nathan Tankus): A while ago I got the permission of my friends at Bloomberg Oddlots to clean up and publish transcripts of episodes that they didn’t have the time or inclination to produce (Incidentally, you can check out the New York Times profile of Oddlots published| Notes on the Crises
Banks reported tighter lending standards and weaker demand for commercial and industrial loans to firms of all sizes during the| ABA Banking Journal
A federal court yesterday granted a request by the Federal Reserve and a coalition of bank and business associations to| ABA Banking Journal
Stock markets were up after Fed reached an expected decision not to cut rates.| crypto.news
Possível demissão do presidente do Federal Reserve por Donald Trump poderia desencadear uma venda do dólar americano e dos títulos do Tesouro, disse George Saravelos, chefe global de estratégia cambial do Deutsche| Bloomberg Línea Brasil
The Arizona Senate Finance Committee has approved SB1025, also known as the "Arizona Strategic Bitcoin Reserve Act"| crypto.news
A White House task force yesterday released a report on strategies to strengthen U.S. leadership in digital assets, including policy| ABA Banking Journal
The Federal Reserve today announced it has joined other banking agencies in allowing banks to collect taxpayer identification number information| ABA Banking Journal
The Fed kept interest rates unchanged for the fifth time this year, resisting Trump’s calls for a cut as inflation and internal dissent shape policy.| Long Island Business News
Do you agree? Probably not. But high interest rates benefit savers. By David Enna, Tipswatch.com Let’s step back in time, to 1965: I was 12 years old and folks from a nearby Savings and Loan …| Treasury Inflation-Protected Securities
Donald Trump keeps forgetting things and telling odd and impossible tales, much like his predecessor Joe Biden.| Rolling Stone
The House Financial Services Committee this week advanced six bills supported by the American Bankers Association, including legislation concerning the| ABA Banking Journal
The Federal Reserve (Fed) implements monetary policy in a regime of ample reserves, where short-term interest rates are controlled mainly through the setting of administered rates, and active management of the reserve supply is not required. In yesterday’s post, we proposed a methodology to evaluate the ampleness of reserves in real time based on the slope of the reserve demand curve—the elasticity of the federal (fed) funds rate to reserve shocks. In this post, we propose a suite of comp...| Liberty Street Economics
The Federal Reserve, FDIC and Office of the Comptroller of the Currency today published the fourth in a series of| ABA Banking Journal
The House today voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets.| ABA Banking Journal
A durable regulatory framework for stablecoins must balance the potential for enhancing payments with the need to limit negative economic| ABA Banking Journal
Three watershed cryptocurrency bills passed through the US House of Representatives on Thursday, solidifying President Donald Trump's ambitions to grow and deregulate an industry that has significantly…| France 24
On July 14, the OCC, Federal Reserve, and FDIC announced the release of a joint statement clarifying how existing laws and regulations apply to| Consumer Finance and Fintech Blog
We now expect growth to slow to 1.1% this year, inflation to rise above 3% and a 4.4% unemployment rate.| The Real Economy Blog
We expect the 10-year yield to remain in a range between 4% and 4.5% amid of elevated volatility and now expect it to finish the year near 4.35% with risk of a lower rate.| The Real Economy Blog
Trump pressures Fed Chair Powell to cut interest rates or resign, citing costly HQ renovation plans as scrutiny grows over the central bank’s independence.| Finance & Commerce
Investors betting on a near-term plunge in interest rates may be mistaking political theater for monetary policy reality. President Donald Trump’s renewed pressure on Federal Reserve Chair Jerome Powell has stirred speculation in the bond and futures markets. But history — and Powell’s own posture — suggest that such expectations are misplaced. Past confrontations between […]| CFA Institute Enterprising Investor
The new and improved Standing Repo Facility (SRF) sprang into action for one day at quarter-end on June 30.| Wolf Street
By David Enna, Tipswatch.com I noticed this morning that real yields for Treasury Inflation-Protected Securities are shifting a bit in the wake of the U.S. attack on Iran. But so far these changes …| Treasury Inflation-Protected Securities
On Monday, Michelle Bowman, Federal Reserve Vice Chair of Supervision, talked about a potential rate cut at the Fed's July meeting.| HousingWire
Christopher Waller, Governor of the Federal Reserve, revealed some good news on Friday that should assuage economic fears concerning tariffs and inflation. During an interview with CNBC, Waller said that he, along with his colleagues, should begin the process of making cuts slowly, but then start to ease since inflation is no longer posing a […]| Trending Politics Conservative News and Commentary
By David Enna, Tipswatch.com The Bureau of Labor Statistics, which compiles and publishes monthly U.S. inflation reports, posted a cryptic announcement this week noting it was scaling back collecti…| Treasury Inflation-Protected Securities
The Federal Reserve is one of the most powerful institutions destroying the U.S. economy and facilitating the expansion of government power.| The New American
The May CPI report is ratcheting up pressure on Jerome Powell and the Federal Reserve to cut interest rates. In other words, the perception that the inflation problem is solved is raising the specter of more inflation.| Headline USA
The U.S. national debt just passed $36 trillion, only four months after it passed $35 trillion and up $2 trillion for the year. Third quarter data is not yet available, but interest payments as a percent of tax receipts rose to 37.8% in the third quarter of 2024, the highest since 1996. That means interest is eating up over […]| WEB OF DEBT BLOG
Trump’s Budget has similarities with Truss’s – will his fate be the same? This article is by Mark E Thomas and Vincent Gomez of the 99% Organisation, a former investment banker […]| 99%
The Federal Reserve and a coalition of bank and business associations have requested that a federal court pause litigation challenging| ABA Banking Journal
Given recent events, I felt it was finally time to come back and publish this piece. Most of my writing was going to be devoted to piercing the ideology of central bank independence so that the Federal Reserve would be treated like an independent administrative agency like any other.| Notes on the Crises
Trump's comments drove the stock market and the U.S. dollar lower as investors in the U.S. and overseas grow increasingly wary about the economic standing of the U.S.| Global News
The Federal Reserve is proposing to change how it conducts stress tests for large banks to reduce the volatility of| ABA Banking Journal
The payment by the Federal Reserve of interest on bank reserves may sound like an abstruse matter of economic theory,| ABA Banking Journal
Banking regulators today announced they have temporarily paused certain appraisal requirements for real estate-related transactions in Los Angeles County in| ABA Banking Journal
I have a confession to make. Two months ago I tried to crash the stock market. Let me explain.| Notes on the Crises
It has been a little more than three weeks since my last piece, simultaneously published by Notes On The Crises and Rolling Stone, assessing the extremely alarming implications of the Federal Government taking 80.5 million dollars right out of New York City’s bank account.| Notes on the Crises
I don’t really know what to say. I’ll figure out what to say another time. Paul Krugman, who recently left the New York Times, interviewed me for his newsletter and the transcript of the conversation, as well as the video, are being posted in both of our newsletters.| Notes on the Crises
For the past year and a half I’ve increasingly focused on using FOIA to scrutinize the Federal Reserve. Before I unveil the crown jewel of what I’ve accomplished so far, I think it's worth stepping back and saying why I’ve undertaken such a broad project.| Notes on the Crises
Federal Reserve Chair Jerome Powell today said that “no other federal regulator” is examining large banks to ensure they are| ABA Banking Journal
Will Trump Add Gold to the U.S. Sovereign Wealth Fund? What It Could Mean for Gold Prices? - With Donald Trump’s recent push to create a U.S. sovereign wealth fund (SWF), many investors are wondering: Will gold be part of it? Given Trump's| Gold IRA Guide
This is a free piece of Notes on the Crises. Reader support which makes my Freedom of Information Act project, archival research and general writing possible (including my #MonetaryPolicy201 series). Monday is the last day paid subscriptions are 50% off so take advantage while you still can Please recommend an| Notes on the Crises
Please recommend an institutional subscription to your academic library or employer (details here) The debt ceiling was unsuspended January 1st of this year which means the debt ceiling is back. According to now-former Treasury secretary Janet Yellen, they began using “extraordinary measures” to avoid hitting the debt ceiling as of| Notes on the Crises
The Federal Open Market Committee announced today that it would lower the target range for the federal funds rate by| ABA Banking Journal
Bank regulators should be open to easing some of the unique regulatory burdens facing mutual banks, Federal Reserve Governor Michelle| ABA Banking Journal
The Federal Reserve holds interest rates steady as concerns about President Trump's policy changes and inflation persist.| CBT News
The Federal Reserve today announced it has pulled out of a coalition of central banks formed to tackle climate change| ABA Banking Journal
As famed economist and New York Times bestselling author George Gilder points out, “despite multi-billion dollar stimulus packages and near-zero interest rates, Wall Street recovers but the economy never does.” In his groundbreaking new book, The Scandal of Money, Gilder unveils a radical new explanation for our economic woes. Gilder also exposes the corruption of the Federal Reserve, Washington power-brokers, and Wall Street’s “too-big-to-fail” megabanks, Read More ›Source| Books – Discovery Institute
The bank may look profitable to shareholders, but disclosures compiled by Risky Finance made it possible to uncover the story of this trading loss at Goldman Sachs| Risky Finance
The Federal Reserve cut the rate by a quarter of a percentage point, which was in line with economist expectations.| Virginia Mercury
The authors review how to gauge the ampleness of reserves in the banking system using a new Reserve Demand Elasticity measure, to be published monthly by the New York Fed.| Liberty Street Economics
By Anaya Jhaveri and John Paul Rothenberg ABA Data Bank The Federal Reserve’s senior loan officer opinion survey, or SLOOS,| ABA Banking Journal
The Federal Reserve has scheduled five Ask the Fed webinars for November on topics ranging from economic conditions in agriculture| ABA Banking Journal
A proposed rule to establish uniform financial data standards across regulatory agencies should either be revised to comply with federal| ABA Banking Journal
Over the past 25 years, the yield curve predicted 4 business-cycle recessions, two of which didn’t come. So we handle it with care.| Wolf Street
Americans are racking up credit card debt as they struggle to keep up with the cost of living, and experts say those who earn the least are the hardest hit. Total credit card balances rose 5.8% from a year ago, to $1.14 trillion, according to a recent New York Fed report. Equifax credit files through […]| New Hampshire Bulletin
By David Enna, Tipswatch.com January 26, 1986, was a big day in my life. The Chicago Bears, my longtime favorite team, were playing in the Super Bowl. That afternoon, I was driving with my future w…| Treasury Inflation-Protected Securities
Using debt to invest in real estate is one of the secrets to creating legacy wealth. However while there is a negative inflation (deflation), this can...| Innovative Advisory Group
For the Treasury market, Powell’s speech was a nothingburger. A Sep rate cut has been priced in since the Aug 2 jobs report.| Wolf Street
The Biden administration is seeking funding to expedite home construction; caps on rental increases by corporate landlords, and new rules.| Alabama Reflector
Total credit card balances rose 5.8% from a year ago, to $1.14 trillion, according to a recent New York Fed report.| Alabama Reflector
A bipartisan, bicameral bill would allow designated financial regulatory staffers to test the technology’s tools without the threat of such actions.| FedScoop
Four federal agencies today proposed a joint rule that would align each agency's Bank Secrecy Act compliance program requirements with| ABA Banking Journal
When it comes to liquidity reform, it is imperative that regulators tackle “known and identified issues” that were exposed during| ABA Banking Journal
Federal banking regulators today made available the 2024 list of distressed or underserved nonmetropolitan middle-income geographies. Distressed or underserved nonmetropolitan| ABA Banking Journal
Five agencies today issued final guidance to highlight what they said are the risks associated with deficient residential real estate| ABA Banking Journal
