Some worry the updated rules to the Small Business Administration’s 7(a) loan program would make it harder for some would-be buyers to obtain financing, putting business acquisitions further out of reach.
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Federal Reserve Chairman Kevin Warsh said the surge in investment driven by the craze for artificial intelligence is one of the factors behind higher inflation.
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The fines on America’s second-biggest bank amount to the third-largest penalty in the department’s history.
Despite the volatility, bank CEOs said they continue to see growth in the economy in the short-to-medium term.
Children born between Jan. 1, 2025, and Dec. 31, 2028, will receive a Trump Account seed contribution of $1,000 from the federal government.
Of the $145.1 million raised statewide last quarter, only $15.7 million was raised by companies in the Indianapolis metro area.
Several policymakers said that they saw the Fed’s rate as too low to restrain the economy, or only acting as a mild restraint. That suggests they would support multiple rate hikes to rein in inflation.
The record-high stock prices are helping investors feel better about their finances at a time when Americans are generally feeling discouraged about keeping up with the fast-rising cost of living.
The U.S. economy is on track to grow about 2.5% this year, but some parts are performing noticeably stronger than others, Regions Bank’s chief economist said Thursday during a visit to Indianapolis.
The investment firm — Indiana’s largest institutionally backed private equity firm based on capital under management — recently closed its sixth investment fund, its largest yet.
It is the sixth consecutive week that mortgage rates have increased.
The changes come after a years-long push by the industry to overhaul the annual test, which was established in the wake of the 2008 financial crisis.
More than 140,000 Indiana preschoolers are eligible for a $250 gift toward their financial futures, thanks to Hoosier native Gerstner. The gifts are expected to hit Trump Accounts this week.
The Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.
On the upside for markets, the shift to higher interest rates built confidence that the Federal Reserve is committed to getting inflation back to its target of 2%.
Higher mortgage rates can add hundreds of dollars a month to borrowers’ costs, limiting homebuyers’ purchasing power.
The quarter-point increase could, over time, result in higher borrowing costs for mortgages, auto loans, and credit cards.
A quarter-point rate increase would be the first in three years and push the Fed’s benchmark rate to about 3.9%.
The narrow vote on whether to move forward with the legislation was a pivotal election-year test for the $2.3 trillion cryptocurrency market as the industry has pushed aggressively for a uniform set of rules.
An increase in the short-term interest rate to fight stubbornly high inflation would be the first hike in three years.
A pivotal Senate vote on the cryptocurrency bill on Tuesday could mark a watershed moment for the $2.3 trillion market — but it hinges mainly on whether sign-offs from President Trump go far enough.
Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not.
