by Richard Garrett | Mar 3, 2026 | Economy
The Federal Reserve is preparing to loosen certain bank capital requirements in an effort to encourage more mortgage lending, signaling a potential shift in regulatory policy aimed at increasing credit availability for U.S. homebuyers. Federal Reserve Vice Chair for...
by Richard Garrett | Mar 3, 2026 | Economy
Federal Reserve policymakers remain increasingly divided over the future path of interest rates, with some officials signaling that further rate hikes could return to the table if inflation fails to cool as expected. Newly released minutes from the Federal Open...
by Richard Garrett | Mar 3, 2026 | Economy
U.S. inflation showed modest cooling in the latest Consumer Price Index report, rising 2.4% compared with a year earlier and 0.2% month over month. While the headline number suggests progress toward the Federal Reserve’s long-term 2% target, economists say the...
by Richard Garrett | Mar 3, 2026 | Economy
Regulators closed Chicago-based Metropolitan Capital Bank & Trust after determining the institution faced unsafe and unsound conditions tied to an impaired capital position, marking the first U.S. bank failure of the year. The Illinois Department of Financial and...
by Richard Garrett | Mar 3, 2026 | Economy
Jamie Dimon Says America’s $38 Trillion Debt Is ‘Not Sustainable.’ Why Some Analysts See Two Economic Fault Lines Forming Warnings about fiscal risk have grown louder as U.S. borrowing continues to accelerate. JPMorgan Chase CEO Jamie Dimon recently described the...
