federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

(source: federalreserve.gov)

Fed Says Consumer Credit Grew 4.3% in June
Fed Says Consumer Credit Grew 4.3% in June
August 07, 2023  |  Consumer Finance

Consumer credit grew at a seasonally adjusted annual rate of 4.3% in June. Revolving credit decreased at an annual rate of 0.6% during the month,...

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Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
August 04, 2023  |  Economy

Healthcare, social assistance, financial activities and wholesale trade led the country’s job gains in July. A total of 187,000 nonfarm payroll jobs were added during...

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JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
August 03, 2023  |  Banking

The head of America’s biggest bank said new capital requirements may have slowed economic growth. J.P. Morgan Chase CEO Jamie Dimon said in a Wednesday...

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Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
July 31, 2023  |  Banking

The traditional avenues of lending are narrowing, signaling tougher times ahead for smaller businesses seeking access to credit. As detailed Monday (July 31) in the...

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PYMNTS Intelligence: Comparing FedNow and the RTP® Network
PYMNTS Intelligence: Comparing FedNow and the RTP® Network
July 28, 2023  |  Real-Time Payments

The expectations of small to midsized businesses (SMBs) regarding payment service providers have never been higher, with owners and employees demanding the same payment speed...

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Payments Platform Form3 Wins FedNow Certification
Payments Platform Form3 Wins FedNow Certification
July 27, 2023  |  Real-Time Payments

Account-to-account payment platform Form3 says it is ready for FedNow. The company on Thursday (July 27) announced it was among the first in its industry to finish testing and...

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Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
July 27, 2023  |  Banking

Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. “I think they have to...

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Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?
Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?
July 26, 2023  |  Loans

As banks — especially larger players — grapple with a new capital reality, the opportunity may be there for smaller financial institutions (FIs) and FinTechs...

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Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
Will Interest Rate Hikes Topple ‘Tower’ of Corporate Debt?
July 26, 2023  |  Economy

The Federal Reserve is planning another rate hike aimed at slowing inflation. But a report Wednesday (July 26) by The New York Times notes that some observers...

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