US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
Tags: Fed
Federal Reserve President Predicts Rate Cut by December
Minneapolis Federal Reserve President Neel Kashkari stated that a rate cut by the US central bank is likely by December.
US Household Wealth Rises to Record of Over $160 Trillion in Q1 2024, Fed Data Shows
US household wealth reached a record high of over $160 trillion in the first quarter of 2024. In the first quarter of 2024, US household wealth reached a record high of $160.
Inflation Already Felt in American Households as Prices Keep Going Up, Fed Survey Reveals
American households still feel inflation's effects on increasing goods, especially with rent, as parents struggle to make ends meet.
US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report
The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks.
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The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April.
The Federal Reserve is facing pressure to implement more aggressive rate cuts amid a weakening jobs market.
Asian markets are poised for further gains after US markets' positive reaction to the Federal Reserve's signal that interest rates could be slashed by 75 basis points this year.
Federal Reserve Governor Christopher Waller has affirmed that the US dollar will remain the world's reserve currency.
The Biden administration has acknowledged that terms such as "MAGA," "Trump," and "Kamala" were among those flagged for scrutiny in the government's call for banks to monitor private financial transactions after the US Capitol attack.
The Federal Reserve has indicated a cautious approach towards cutting US interest rates. The Federal Reserve has indicated a cautious approach towards cutting US interest rates.
Former President Donald Trump has voiced his disapproval of Federal Reserve chair Jerome Powell's handling of the economy.
The US dollar has slipped to a five-month low against the euro and several other currencies, The US dollar has slipped to a five-month low against the euro and several other currencies, driven by expectations that the Federal Reserve might soon implement interest rate cuts.
After the Federal Reserve signaled it could start cutting interest rates next year if inflation continues to fall, the Dow Jones Industrial Average closed at a new record high.
