The U.S. Small Business Administration (SBA) has finalized two rules aimed at addressing gaps in access to capital for small business owners in underserved communities, in line with the Biden-Harris Administration's efforts to grow the economy from the middle out and bottom-up.
On May 3, the Federal Reserve increased interest rates for the tenth time in 14 months but withdrew from its earlier predictions of additional rate hikes.
The President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester, spoke at the Akron Roundtable Signature Series on April 20th, highlighting the progress made in the economy but cautioning that inflation remains stubbornly high.
The U.S. Department of the Treasury recently announced sanctions for agents that supplied precursor chemicals to Mexican drug cartels that would use them to produce illicit fentanyl intended for U.S. markets.
The European Central Bank (ECB) announced a 25 basis point increase in its three key interest rates to combat the ongoing high inflation pressures in the euro area.
Deputy Governor of the Bank of England, Ben Broadbent, recently spoke at the National Institute of Economic and Social Research, discussing the effects of monetary policy and whether they should be understood in terms of interest rates and bond yields or monetary aggregates.
The Federal Reserve raised its policy interest rate by a quarter percentage point May 3, citing the need to address high inflation and achieve price stability.
The US economy exhibited continued strength in Q1 2023, with real GDP increasing 1.1% at an annual rate and employers adding an average of 345,000 payroll jobs per month, according to the US Treasury Department.
The Congressional Budget Office (CBO) has warned of a significantly increased risk that the US Treasury will run out of funds in early June due to lower-than-anticipated tax receipts through April.
More than 50 individuals and entities associated with an international money-laundering network that supports a financier for Hizballah have been blacklisted by the U.S. Department of the Treasury.
The regulation of centralized marketplaces is not a new concept, and lessons learned from those marketplaces can be adopted by the cryptocurrency industry, according to the global head of a cryptocurrency exchange.
If enacted, the "Limit, Save, Grow Act of 2023" could negatively affect near-term economic growth, with real GDP being 0.65 percentage points lower in the year ending in the fourth quarter of 2024 compared to a scenario with a clean debt limit increase.
The Federal Reserve plans to launch its live transactions service, FedNow, in July. The Fed addressed some frequently asked questions about the new system on Twitter and said FedNow is not a central bank digital currency (CBDC), which many other countries are developing and several have launched, including China.
A new research paper by the Federal Reserve Bank of Cleveland finds that high short-term inflation expectations will make it difficult to bring down inflation.
As the debt ceiling's summer deadline approaches, Republicans and Democrats are struggling to choose the best direction with Congressman Pete Sessions (R-TX) backing the Limit, Save, Grow Act as the solution, but others seeing the bill as a threat to essential programs.
MIT researchers have published a paper in Nature Energy outlining a path for scaling the clean hydrogen industry while limiting emissions. The researchers aim to assist regulators in supporting the growth of the clean hydrogen industry, which is crucial for decarbonizing various industries such as steel manufacturing and fertilizer production.One of the main challenges in scaling hydrogen production is the sourcing of clean electricity. Currently, the US electric grids are primarily powered by fossil fuels, so if hydrogen production increases, it could result in a...
