America's central bank is nudging its benchmark interest rate higher, announcing a move from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent. The decision emerged from a [...]
I know there is really important stuff to discuss this morning like the VP-elect’s Broadway excursion, presidential tweets and SNL skits but there is this nettlesome issue of cyber-security that keeps on popping up. [...]
Both chambers of Congress are in session this week, with a Friday deadline for passing a funding resolution to fund the government into the next fiscal year. CUNA is monitoring a number of hearings this [...]
NAFCU this week will closely monitor two House Financial Services Committee hearings, one on Wells Fargo’s creation of more than 2 million unauthorized accounts and another on Federal Reserve Chair Janet Yellen’s testimony [...]
A divided Federal Reserve left its policy interest rate unchanged to await more evidence of progress toward its goals, while projecting that an increase is still likely by year-end. “Near-term risks to the economic outlook [...]
Federal Reserve Vice Chairman Stanley Fischer suggested that Fed Chair Janet Yellen’s remarks on the economy last week indicate the probability of two interest rate hikes this year, beginning in September. NAFCU Chief Economist [...]
The U.S. House will consider its Financial Services and General Government (FSGG) Appropriations Act for 2017 (H.R. 5485) this week, among a number of other bills. The bill, passed 30-17 by the House [...]
In the last few FOMC meetings, the Federal Reserve has emphasized it will only act according with economic data. The same data that the Federal Reserve utilizes to make data-driven decisions are available to every [...]
A friend of mine was a Lieutenant in the Marine Corps and led a platoon in battle. He told me the worst feeling he had in combat was when his troops would look at him [...]
The Federal Reserve announced an increase in the Federal Funds interest rate for the first time in nearly a decade Wednesday, following a two-day Federal Open Market Committee member meeting. The target range is now [...]
Federal Reserve Chair Janet Yellen yesterday told lawmakers she is “actively looking” for ways to decrease the regulatory burden for smaller financial institutions. “We are actively looking for ways that we can safely diminish burdens [...]
After its much-anticipated meeting this month, the Federal Open Market Committee announced it would not raise interest rates or make any changes in its conduct of monetary policy. By a 9-1 vote, the committee decided [...]
The Federal Reserve will likely begin to increase the federal funds rate target this year if inflation remains stable and the economy can sustain employment growth, Fed Chair Janet Yellen said Thursday. Speaking at the [...]
Give me your tired, your poor, your huddled masses yearning for interest rates slightly higher than the infinitesimal chance I have of winning the Powerball! Maybe I’m being a bit dramatic, but the Fed [...]
NAFCU staff will monitor several hearings on Capitol Hill this week, including two featuring testimony from Federal Reserve Chair Janet Yellen on the economy and one with testimony from CFPB Director Richard Cordray on bureau [...]
