Dallas Federal Reserve Bank President, Lorie Logan, addressed the National Association for Business Economics meeting on Monday, discussing the potential implications of the rise in long-term Treasury yields. Logan suggested that if the increase in these yields is driven by higher term premiums, it could result in elevated interest rates…

Federal regulators obtained a settlement that will require credit-reporting agency TransUnion to pay $23 million to settle charges that the company failed to ensure the accuracy of tenant screening reports and for misleading customers about security freezes on their credit reports, the Consumer Financial Protection Bureau said Thursday. The FTC…

Fed Vice Chair for Supervision, Michael Barr, defended the “Basel Endgame” proposal at the American Bankers Association conference on Monday. The proposal, designed to modify how banks calculate necessary capital reserves to safeguard against losses, reflects international standards established by the Basel Committee on Banking Supervision in response to the…

The numbers: U.S. consumer prices climbed 0.4% in September, the Labor Department said Thursday. While the pace is softer than the 0.6% gain in the prior month, it was hotter than forecast. Economists polled by The Wall Street Journal had estimated a 0.3% advance in September. The rate of inflation…

The ongoing conflicts in the Middle East have continued to influence global prices and financial markets, with the Israel-Hamas and Russia-Ukraine tensions causing significant fluctuations. On Monday, a 5% surge in was recorded during early Asian trading. The rise has been linked to these geopolitical events, which have led to…

Donald Trump on Wednesday called Hezbollah “very smart” hours after the Lebanese-based terror group fired missiles at Israeli troops — and in separate remarks the former president implied Hamas would never have attacked Israel if he had been in the White House. During a rally in West Palm Beach, Fla.,…

By Padraic Halpin DUBLIN (Reuters) – Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent spending measures and tax cuts in Tuesday’s budget for 2024, a source familiar with the process told Reuters. The government said in July that it intends to hike core, recurring…

President Joe Biden on Thursday is slated to talk about the U.S. economy with chief executive officers from large U.S. companies such as IBM and Target, with the meeting coming as his administration continues to deal with persistent inflation. Biden plans to hear the CEOs’ perspectives on the economy and…

By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve’s top regulatory official defended a sweeping proposal to overhaul bank capital rules before the country’s largest bank lobby on Monday, arguing the benefits of a bigger cushion outweigh any additional costs banks might face. Fed Vice Chair for Supervision Michael Barr’s…

In a significant move towards climate action and sustainable development, the World Bank has issued two Sustainable Development Bonds worth EUR 200 million to Bank Al-Maghrib, Morocco’s central bank. These bonds were announced on Monday at the Marrakech World Bank Group – IMF Annual Meetings, marking the first time in…