federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023  |  Economy

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to...

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Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a...

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Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
September 17, 2023  |  Loans

Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade...

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Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023  |  Economy

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. The chance of a relatively soft landing...

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Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
September 11, 2023  |  Economy

Consumers are less sanguine about their financial situations — especially when it comes to obtaining credit. And those reservations may be incentivizing them to shift...

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Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays
Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays
September 06, 2023  |  Economy

Modest growth is in the cards, and for Main Street stalwarts among smaller businesses — namely in retail — the pressure is mounting. The Federal...

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Business Bankruptcies Rise 17% in August Due to Interest Rates
Business Bankruptcies Rise 17% in August Due to Interest Rates
September 05, 2023  |  Economy

Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. This rise can be attributed to rising...

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Fed Scrutiny of Regional Banks Highlights Importance of KYB, FinTech Partnerships 
Fed Scrutiny of Regional Banks Highlights Importance of KYB, FinTech Partnerships 
September 01, 2023  |  Bank Regulation

The increased scrutiny of regional banks — and a boost in capital requirements — may drive them towards FinTech partnerships to shore up compliance and...

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Report: Fed Likely to Hold Interest Rates Despite Higher Consumer Spending
Report: Fed Likely to Hold Interest Rates Despite Higher Consumer Spending
August 31, 2023  |  Economy

The Federal Reserve is reportedly likely to keep interest rates where they are when it meets in September even though economic activity has remained unexpectedly strong. Consumer...

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