Monetary Brief News

Richmond Fed announces leadership changes within supervision division

The Federal Reserve Bank of Richmond has announced several new appointments.

Cleveland Fed hosts virtual session on central banking challenges

The Federal Reserve Bank of Cleveland, in conjunction with its Center for Inflation Research, is hosting a virtual session titled "The Fed's Dual Mandate: Recent Progress and Challenges." This event is scheduled for Thursday, November 14, 2024, from 1:00 to 1:45 PM EST.

US sanctions Syrian firm over ties with Qods Force and Houthis

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned 26 entities linked to the Al-Qatirji Company, a Syrian conglomerate.

Fed highlights ongoing research on financial inclusion challenges

The Federal Reserve continues to focus on financial and payments inclusion, highlighting ongoing research into economic conditions such as inflation, employment, and financial system risks.

Household debt rises slightly as delinquency rates remain high

The Federal Reserve Bank of New York has released its Quarterly Report on Household Debt and Credit, revealing a modest increase in household debt for the third quarter of 2024.

The Digital Chamber report: U.S. should use stablecoins to promote USD dominance in digital economy

The Digital Chamber (TDC) has released a report advocating for the United States to develop a comprehensive regulatory framework for stablecoins.

Cleveland Fed reports rise in CEO inflation expectations for Q4 2024

Inflation expectations among U.S. business leaders have risen in the fourth quarter of 2024, as reported by the Survey of Firms’ Inflation Expectations (SoFIE), a publication from the Cleveland Fed’s Center for Inflation Research.

Treasury sanctions Sudanese commander over human rights abuses

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Abdel Rahman Joma’a Barakallah for his role in the Rapid Support Forces (RSF), a group implicated in violence against civilians in Sudan since...

Tom Barkin discusses unexpected economic resilience at Baltimore summit

The Federal Reserve Bank of Richmond's President, Tom Barkin, addressed the Baltimore Together Summit at Baltimore Center Stage in Maryland.

Federal Reserve Bank reports slight decline in inflation expectations

The Federal Reserve Bank of New York's Center for Microeconomic Data has published the October 2024 Survey of Consumer Expectations.

Alliance Credit Union of Florida placed into conservatorship by state regulator

Florida's Office of Financial Regulation has placed Alliance Credit Union of Florida into conservatorship, appointing the National Credit Union Administration (NCUA) as conservator.

Carlyle announces Q3 earnings; declares $0.35 dividend per share

Global investment firm The Carlyle Group Inc. has released its unaudited financial results for the third quarter of 2024, ending September 30.

CFPB orders Navy Federal Credit Union to pay $95 million over unfair fee practices

National Credit Union Administration Chairman Todd M. Harper issued a statement regarding the Consumer Financial Protection Bureau's (CFPB) settlement with Navy Federal Credit Union.

Tom Barkin to speak at Baltimore Together Summit on November 12

Richmond Federal Reserve President Tom Barkin is set to address the Baltimore Together Summit on November 12, 2024.

U.S. expands sanctions targeting Republika Srpska corruption network

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against an individual and an entity linked to a corrupt network in Bosnia and Herzegovina (BiH).

Carlyle acquires Japanese PCB manufacturer Kyoden

Global investment firm Carlyle has announced the acquisition of Kyoden Co., a prominent Japanese manufacturer of printed circuit boards (PCBs).

Carlyle completes acquisition of Worldpac from Advance Auto Parts

Worldpac, Inc. has completed its acquisition by Carlyle, a global investment firm, from Advance Auto Parts, Inc. This strategic move is expected to position Worldpac for growth and innovation.

U.S. portfolio holdings of foreign securities reach $15.3 trillion at end-2023

The U.S. Department of the Treasury, in collaboration with the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System, has released findings from its annual survey on U.S. portfolio holdings of foreign securities...

Carlyle finances GIP's acquisition of Lanes Group with £205m loan

Global Infrastructure Partners (GIP), part of BlackRock, has acquired Lanes Group with the support of a £205 million financing package from Carlyle's Global Credit platform.

Katherine Easmunt appointed as Chief Ethics Counsel by NCUA Board

The National Credit Union Administration (NCUA) Board has appointed Katherine Easmunt as the agency's Chief Ethics Counsel, effective November 3.