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Federal Reserve

March jobs report shows more signs of cooling labor market

by Savannah Maher
May 2, 2023
The number of openings decreased for the third straight month in March, but it’s still historically high.
While there were still nearly 9.6 million job openings in March, that's the third straight month of decreases.
Justin Sullivan/Getty Images
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Banks in Turmoil

By acquiring First Republic, JPMorgan becomes "too big to be too-big-to-fail"

by David Brancaccio , Ariana Rosas , Alex Schroeder and Jarrett Dang
May 1, 2023
The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What's next for the financial industry?
JPMorgan Chase's acquisition of First Republic further consolidates the industry in the country's largest bank, says the University of Michigan's Erik Gordon.
Johannes Eisele/AFP via Getty Images
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Watch prices and credit ahead of next rate decision, Chicago Fed CEO says

by Kai Ryssdal and Andie Corban
Apr 19, 2023
The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
Austan Goolsbee jokes that his informal speaking style makes the Fed's media staff sweat. "Every time I stand up, they’re like, 'Oh, no.'”
Chip Somodevilla/Getty Images
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The Federal Reserve's Beige Book adds color to economic data

by Elizabeth Trovall
Apr 18, 2023
The influential update, also known as the Summary of Commentary on Current Economic Conditions, comes out Wednesday.
Through interviews and surveys, the Beige Book tries to create a current snapshot of the economy.
Olivier Douliery/AFP via Getty Images
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Banks in Turmoil

Banks are borrowing less from the Federal Reserve

by Nancy Marshall-Genzer
Apr 14, 2023
That's good news, but banks are still borrowing a lot more from the Fed than they typically do.
New central bank data shows that banks borrowed about $9 billion less from the Fed in the week ending April 12, according to Krishna Guha, vice chair of Evercore ISI.
Kevin Dietsch/Getty Images
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What to look for in the Fed's latest meeting minutes

by Nancy Marshall-Genzer
Apr 12, 2023
Fed watchers pore over the document in minute detail in search of clues about future rate hikes.
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting.
Win McNamee/Getty Images
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Banks in Turmoil

Why we're paying extra attention to senior loan officers right now

by Kai Ryssdal and Andie Corban
Apr 11, 2023
The recent banking turmoil could further tighten credit conditions and slow down the economy.
Kent Belasco of Marquette University believes the recent bank failures are isolated, but "it does have an impact on the banking industry as a whole."
Justin Sullivan/Getty Images
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Is the 'blunt tool' of monetary policy actually just a dull tool?

by Matt Levin
Apr 7, 2023
Fed rate hikes are kinda starting to slow down the labor market, but unemployment is still very low, and the economy isn't reacting as experts expected.
The unemployment rate is historically low at 3.5%. Increase in travel, boomer retirements and long COVID have kept labor demand high and supply scarce.
Justin Sullivan/Getty Images
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Despite a recent rough stretch for crypto, Wyoming still wants its business

by Will Walkey
Apr 7, 2023
Wyoming is continuing its efforts to bring cryptocurrency into the mainstream, but some are questioning whether that’s a good idea.
Caitlin Long, CEO of Custodia Bank, said that crypto has helped Wyoming diversify its economy.
Stefani Reynolds/AFP via Getty Images
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Wage increases seem to be slowing after more than a year of strong gains

by Mitchell Hartman
Apr 6, 2023
That's good news for in the fight against inflation, as long as consumers don't cut spending so much that the economy tips into recession.
Lower-wage workers, including those in the service industry, have seen some of the strongest wage gains in recent years.
Brandon Bell/Getty Images
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