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

NY Fed: Household Debt Tops $16T in Q2

NY Fed: Household Debt Tops $16T in Q2
NY Fed: Household Debt Tops $16T in Q2
August 02, 2022  |  Debt

Total household debt has increased to $16.2 trillion in the second quarter of 2022, up $312 billion in the past three months and $2 trillion...

READ MORE >
Consumer Spending Surges as Inflation Eats Away at Household Budgets
Consumer Spending Surges as Inflation Eats Away at Household Budgets
July 29, 2022  |  Economy

Consumer spending climbed 1.1% in June with higher fuel and food costs amid 40-year record high inflation that is continuing to eat away at paychecks...

READ MORE >
Inflation, Consumer Spending Dominate Earnings, Fed’s Focus
Inflation, Consumer Spending Dominate Earnings, Fed’s Focus
July 27, 2022  |  Economy

The great softening is upon us. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

READ MORE >
Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
July 27, 2022  |  Real-Time Payments

2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and...

READ MORE >
Today in Crypto: Bitcoin Dips 3.5% Ahead of Expected Fed Rate Hike; Mexican Exchange Bitso Hits 1M Users
Today in Crypto: Bitcoin Dips 3.5% Ahead of Expected Fed Rate Hike; Mexican Exchange Bitso...
July 25, 2022  |  Cryptocurrency

Despite the Chicago Board of Options Exchange’s volatility index showing a lack of investor anxiety ahead of the Federal Reserve rate increase, bitcoin was down...

READ MORE >
Will Rising Interest Rates Damage Stablecoins?
Will Rising Interest Rates Damage Stablecoins?
July 25, 2022  |  Cryptocurrency

By and large, stablecoins get used the most for crypto trading — and at least until recently, they’ve also been seen as a good way...

READ MORE >
US Senate Confirms Barr for Top Fed Banking Post
US Senate Confirms Barr for Top Fed Banking Post
July 13, 2022  |  Legal & Regulation

The Biden administration has scored a win for its financial regulatory team, as Michael Barr was finally confirmed as the vice chair for supervision of...

READ MORE >
Crypto Regulation Weekly: BIS Says Crypto Must Fit Into Existing Regulatory Infrastructure
Crypto Regulation Weekly: BIS Says Crypto Must Fit Into Existing Regulatory Infrastructure
July 13, 2022  |  Cryptocurrency

A pair of international regulatory organizations have formally recommended that stablecoins be required to follow all existing international payment, clearing and settlement standards. Get the...

READ MORE >