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

FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 

FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 
FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 
September 22, 2023  |  Fintech Investments

Partnerships were the prime source of headlines this past week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023  |  Economy

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to...

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Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
September 17, 2023  |  Loans

Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023  |  Economy

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. Get the Full Story Complete the form...

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Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
September 11, 2023  |  Economy

Consumers are less sanguine about their financial situations — especially when it comes to obtaining credit. Get the Full Story Complete the form to unlock...

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Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays
Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays
September 06, 2023  |  Economy

Modest growth is in the cards, and for Main Street stalwarts among smaller businesses — namely in retail — the pressure is mounting. Get the...

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Business Bankruptcies Rise 17% in August Due to Interest Rates
Business Bankruptcies Rise 17% in August Due to Interest Rates
September 05, 2023  |  Economy

Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. Get the Full Story Complete the form...

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