At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how it would set interest rates. 1The Fed said they planned to “move cautiously” with cuts going forward, saying they could afford to be patient…
The first half of 2024 showed sluggish spending, but in the second half, consumers were in the mood to spend, with trends accelerating particularly in the last four months of the year. Population growth, more jobs, and greater investment returns were all contributors.Seasonally adjusted retail sales rose by 0.45% in…
Big U.S. banks plan to push to overhaul more capital rules on the heels of their success last year weakening draft capital hikes. Read the full article.Emboldened by a friendlier incoming Trump administration, one of the banking industry’s goals is to weaken the “Basel Endgame” capital rule. This would reduce a…
The Importance of IDC’s RanksAs of the third quarter 2024, IDC Financial Publishing (IDCFP) ranked 485 institutions below investment grade (see Table I). This number of banks ranked less than 125 increased from the previous quarter, as did the number of banks in some categories of CAMEL. The exceptions are the…
The Importance of IDC’s RanksAs of the second quarter 2024, IDC Financial Publishing (IDCFP) ranked 480 institutions below investment grade (see Table I). This number of banks ranked less than 125 increased from the previous quarter, as did the number of banks in some categories of CAMEL. The exceptions are the…
