The change would apply toA proposal by the U.S. Federal Reserve’s bank regulators would reduce by 4.8 percent the amount of cash the largest American banks must keep in reserve as a cushion against loans that go bad.
AI HAS WIDENED THE U.S. TRADE DEFICIT, GOVERNMENT DATA SHOWS
Donald Trump has been fixated on the U.S. trade deficit – the fact that the country pays more for its imports than it earns from exports – as a problem that must be solved.
INVESTORS TAKE REFUGE IN CASH AS ECONOMIC WORRIES MOUNT
Energy prices are soaring, enthusiasm for private credit has crashed, the U.S. stock market is losing steam, and the American economy is barely crawling.
FED LEAVES INTEREST RATES UNCHANGED
The U.S. Federal Reserve’s Open Market Committee voted last week to leave interest rates at 3.5 percent on deposits and 3.75 percent for loans.
U.S. NEW HOME SALES REACH THEIR LOWEST IN MORE THAN THREE YEARS
In January, sales of new U.S. single-family homes totaled 587,000, falling 17.6 percent year on year to the least since October 2022 when inflation was running at 7.7 percent, the U.S. census bureau reported.
SPOTLIGHT: BIGS GETTING BIGGER
3M and Bain Capital have partnered to buy Madison Fire & Rescue, a division of Madison Industries, one of the world’s largest privately owned companies.
GAS PRICE SPIKE WILL ENDURE, ECONOMY WILL CONTRACT
Fifty-five percent of U.S. households are feeling “somewhat” pinched by higher gasoline prices and 21 percent report their finances have been impacted “a great deal,” by the increase, according to a poll released last week by Reuters and survey firm Ipsos.