Economy

On Dec. 31, 2021. Dollars in thousands.

The pending budget reconciliation legislation should retain measures meant to support minority homebuyers.

The Federal Open Market Committee started its hiking cycle in March and everyone expects another increase when it meets May 3-4. Speculation is the FOMC will lift rates a half-point at that meeting. Steve Skancke, chief economic adviser at Keel Point and former White House and Treasury Department staff member, will discuss the FOMC decision and the panel’s next steps in fighting inflation.

The Fed waited too long to address inflation. Now we can expect higher borrowing costs as well as inflation.

The combination of higher inflation and higher rates has caught up with bank stocks, now on course for their their worst monthly performance in more than two years.

The Federal Reserve’s most hawkish official cracked open the door to discussing the first 75-basis-point interest rate hike since 1994, a move economists say would be a last resort in case inflation further spirals out of control.

The companies, which partnered to create a new digital shopping experience, say it made sense to focus on mom and pop stores that had to pivot to e-commerce during the pandemic. These businesses will be the first to get collaborative cloud-based tools including maps, marketing and payments.

Year to date through Dec. 31, 2021. Dollars in thousands.

Full-time equivalent, as of Dec. 31, 2021. Dollars in thousands.

Year to date through Dec. 31, 2021. Dollars in thousands.

The Biden administration once again extended the pause on student loan payments enacted to help borrowers during the COVID-19 pandemic, this time through the end of August.

Louisiana's Transportation Secretary and the former Assistant to the President for Infrastructure discuss the state of play in the U.S. P3 sector, the impact of the new infrastructure law, and what's in store for the next decade.

The U.S. is poised for recession most likely in 2023 and bank stocks are expected to fall behind the broader market, according to 525 respondents to the Markets Live weekly survey.

On Dec. 31, 2021. Dollars in thousands.

Mutual institutions, long pillars of underserved communities, now face insurmountable barriers to entry.

Acting Comptroller of the Currency Michael Hsu said some large regional banks are at risk of becoming too big to fail, and the agency is considering ways to increase the resolvability of post-merger banks.

Zions Bancorp. and Webster Financial are among the inaugural members of the Risk Management Association’s climate-risk consortium for regional institutions. Like its large-bank counterpart, the group will work with banks to help guide the economy's transition to a low-carbon future.

Federal Reserve Chair Jerome Powell said the central bank will take the “necessary steps” to get inflation down even if that means increasing interest rates more rapidly than currently anticipated and eventually to levels that slow the broader economy.

The Federal Reserve Board voted to lift the benchmark rate to target range of 0.25% to 0.5% and signaled more hikes at all six remaining meetings this year.