Federal Reserve Chairman Jerome Powell said Tuesday that he doesn’t see signs of an economic downturn on the horizon.
Investors cheered the Fed's message that it foresees no need to raise borrowing rates anytime soon even while the economy remains on firm footing.
Chairman Jerome Powell will begin a new era of communications by holding a news conference after each of the Fed's eight meetings every year, up from four news conferences a year.
With pressures on the U.S. economy rising, the Federal Reserve has been signaling that it’s in no hurry to resume raising rates after having done so four times in 2018.
Industry executives have long predicted a wave of bank mergers that’s so far played out only in smaller or mid-sized deals.
Federal Reserve Chairman Jerome Powell said the central bank can be patient as it assesses risks to a U.S. economy and will adjust policy quickly if needed.
The settlement includes $5.2 million for Indiana, according to state Attorney General Curtis Hill.
President, chief executive and bank co-founder Morrie Maurer plans to retire Jan. 4, to be succeeded by a longtime executive within the organization.
President Donald Trump renewed his attacks on the Federal Reserve, commenting publicly on the central bank for the first time following last week’s interest-rate hike and reports he has discussed firing Chairman Jerome Powell.
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.
The Fed's updated forecast projects just two rate hikes next year, down from three that monetary policy body had predicted in September.
On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the Fed itself.
NattyMac, which was established in 2004, has a historical connection with Indianapolis and was sold to its current owner in 2017 for $211 million.
The report, known as the beige book, found that optimism about the future had waned somewhat, with business contacts citing “increased uncertainty.”
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year, igniting a rally on Wall Street.