In its statement Wednesday, the Fed removed a reference to being “patient” about adjusting rates. That suggested that the Fed is now inclined to begin cutting rates for the first time in more than a decade. It remains unclear when that might happen.
Economists say when—or even whether—the Fed eases credit this year will depend on a host of factors that are hard to predict.
President Donald Trump said he thinks economic growth and stock market indexes would be substantially higher if the Federal Reserve hadn’t raised interest rates so much.
Expectations are rising that the Fed will cut rates at least once and possibly twice before year's end, in part because of the consequences of the trade war.
Fishers-based First Internet Bancorp has had strong double-digit percentage growth in recent years, while most banks are growing in the mid-single-digit range.
The bank will use the three-story building that fronts Monument Circle for lending offices and a branch location. The magazine’s staff plans to move into the adjacent headquarters for Emmis Communications.
The Federal Reserve signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation.
The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year.
In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to trim its bond holdings, the economy would have grown by more than 4 percent.
A year after the release of the fifth and final phase of its NextGen platform, Carmel-based financial software firm Baker Hill is experiencing significant growth, which CEO John M. Deignan says should continue for several years.
The monetary policy body on Wednesday left its key interest rate unchanged and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.
The message the Federal Reserve is poised to send when its latest policy meeting ends this week is a soothing one. It reflects an abrupt shift in tone since the start of the year.
We tell our customers that the choices they make right now matter tomorrow. But these words would ring hollow if we didn’t live by them ourselves. I urge you to join us and advocate for those who do not have the opportunity or means to speak for themselves.
Old National has undergone a transformation since Jones joined the bank, shifting from low-growth markets to entering markets that offered a better opportunity for growth.
Chris Michalski will oversee the bank’s operations in four Midwestern states from his home base in Indianapolis.
The Ohio-based bank says no employees will lose their jobs, and that the closures are part of a strategic shift to make bankers more nimble and meet the expectations of people accustomed to online transactions.
Federal Reserve Chairman Jerome Powell said Tuesday that he doesn’t see signs of an economic downturn on the horizon.
Based in Merrillville, Centier has 61 banking centers throughout the state, including six in the Indianapolis area.
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.
