Banks' Pullback on Lending Could Do Some of Fed's Work

"Banks are likely to become somewhat more cautious. That does tend to lead to somewhat greater restriction in credit that could be a substitute for further interest-rate hikes that the Fed needs to make."

By Christopher Condon | April 17, 2023 at 01:58 PM

Treasury Secretary Janet Yellen said U.S. lenders may pull back on credit in the wake of recent bank failures—enough to do some of the Federal Reserve's work for it, but not enough to significantly change her economic outlook.

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Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

By Augusta Saraiva | July 25, 2024

GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

U.S. Economy Grew Faster Than Expected Last Quarter

DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

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