After pandemic and inflation woes, Main Street is digging in to face economic headwinds on the horizon. Small to medium-sized businesses (SMBs) seeking a chance to recover after the one-two economic punch of the pandemic and elevated inflation may have to wait a bit longer...
Slowing rate hikes cheer investors, but on Main Street the damage has already been done. Stocks surged about 3% by Wednesday’s close, on the heels of signals from Fed Chair Jerome Powell that — after four consecutive 0.75% rate increases — a 0.5% rate hike...
The term “central bank” brings to mind thoughts of stability, resilience and trust, all things that have been part of the Federal Reserve’s DNA for more than a century. Many people are less aware that the payment systems operated by the Fed facilitate the electronic...
The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card issuers to enable merchants to pick from at least two unaffiliated payment card networks. In a statement, the Fed noted...
November 03, 2022
The term “central bank” brings to mind thoughts of stability, resilience and trust, all things that have been part of the Federal Reserve’s DNA for more than a century. Many people are less aware that the payment systems operated by the Fed facilitate the electronic movement of trillions of dollars between financial institutions every day. […]
December 24, 2020
If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks....
July 31, 2017
Not all financial services regulation is occurring across the pond, though Brexit and other countries grabbed their share of headlines this past week for our Regulatory Tracker. In the United...
May 30, 2016
US stocks have been buoyant amid improving economic data, relatively steady energy prices and now a seemingly imminent rate hike. Here’s why that last point might make China nervous.
October 17, 2023
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at a Harvard Law School event in Washington, Bowman said a digital dollar could pose significant risks and tradeoffs for the financial system. She argued that she has yet to see […]
October 03, 2022
The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card issuers to enable merchants to...
January 13, 2021
The U.S. economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic fallouts in history, according to...
March 16, 2020
The U.S. Federal Reserve has announced that it’s prepared to use its “full range of tools” to help households and businesses and stay on top of employment and price stability...
