Fed minutes: Most officials supported further rate cuts as worries about jobs rose
The minutes provide insight into how the Fed’s policymakers were thinking last month about inflation, interest rates, and hiring.
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Gold futures rise above $4,000 per ounce for first time
Gold futures are up about 50% since the start of 2025—trading as high as $4,013 per troy ounce by late morning Tuesday, before falling back just below $4,000 in the early afternoon.
Government shutdown threatens to stall recovery in IPO market
The IPO market is on track for its best year since 2021, according to Renaissance Capital.
Fifth Third Bancorp to buy Comerica for $10.9B in combination of big regional banks
Cincinnati-based Fifth Third is one of the largest banks doing business in the Indianapolis area, with more than $7.2 billion in local deposits, 44 area branches and 348 employees as of June 30, 2024.
Trump administration resumes student loan forgiveness
Even as the Education Department reopens loan forgiveness, the ongoing government shutdown could slow the agency’s ability to process discharges quickly.
Regions Bank economist sees more growth ahead
Regions Bank’s chief economist, in a visit to Indianapolis, said the metro area has been performing better economically than much of the country, in part because of the area’s diversified economy.
Federal shutdown cuts off economic data vital to policymakers and investors
If the shutdown is short-lived, it won’t be very disruptive. But if the release of economic data is delayed for several weeks or longer, it could pose challenges, particularly for the Federal Reserve.
Gold prices soar to new records amid US government shutdown
Gold sales can rise sharply when anxious investors seek “safe havens” for parking their money.
As stock market booms, Americans have more at stake than ever
Data from the Federal Reserve Bank of St. Louis showed that households and nonprofits were investing about 45.4% of their assets in corporate equities as of the second quarter of 2025—the highest exposure to stocks ever.
Credit rating agencies flag property tax bill for creating ‘uncertainty’ for local bonds
Experts warn that Indiana’s cities, towns and counties could take a hit to their credit rating through no fault of their own, but rather due to continued fallout from the state’s effort to curb property tax growth.
Fed’s favored inflation gauge accelerates slightly
The increases in the Commerce Department’s personal consumption expenditures, or PCE, price index were what forecasters had expected.
First Merchants Bank announces merger with Jeffersonville bank
The combined company is expected to continue to do business under the First Merchants Bank brand and would have combined assets of $21 billion.
Powell signals Federal Reserve to move slowly on interest rate cuts
Jerome Powell’s approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
Average rate on 30-year mortgage falls again, dips to lowest level in almost a year
Mortgage rates have been mostly declining since late July amid expectations that Federal Reserve would cut rates for the first time since last year.
Federal Reserve cuts key rate by quarter-point, signals two more cuts this year
The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. The central bank’s focus has shifted quickly from inflation to jobs, as hiring has ground nearly to a halt in recent months
Paper checks going away soon for Social Security, most federal payments
The government estimates the move will save millions of dollars a year because electronic payments are much more cost-efficient.
Fed faces economic uncertainty, political pressure as it decides whether to cut rates
At this week’s Federal Reserve meeting, the decision it will make on interest rates—usually the main event—is just one of the key unknowns to be resolved when officials gather Tuesday and Wednesday.
Trump says US should do away with quarterly earnings reports
The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
First Internet Bank selling $869M loan portfolio
First Internet has never sold off such a large pool of loans in a single transaction, according to Chief Operating Officer Nicole Lorch.