U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra had some good and not-so-good news for consumers, as well as the tech and banking industries, that he was "pleased" to deliver to congressional representatives last month.
The Federal Reserve Bank of Dallas released its quarterly energy survey on June 23, which found that oil and gas activity was unchanged during the second quarter, while the business activity index dropped to 0, down from 2.1 in Q1.
International Monetary Fund First Deputy Managing Director Gita Gopinath told officials at the European Central Bank Forum on Central Banking 2023 that while some of the key elements of inflation have been contained, others could still cause economic strife.
The Federal Reserve Bank of Kansas City's monthly Services Survey released June 23 said the Tenth District's activity climbed rapidly in June, but expectations of future activity decreased slightly.
Rohit Chopra, the director of the Consumer Finance Protection Bureau, made his opening statements to the Senate Committee on Banking, Housing and Urban Affairs on June 13, where he reported that the CFPB is continuing to ensure that consumers are protected while preparing for the future.
J.P. Morgan Securities Services has launched its Sustainable Investment Data Solutions for institutional investors, available through Fusion by J.P. Morgan.
The Federal Reserve Bank of Dallas released its Texas Employment Forecast on June 16, indicating that jobs will increase 2.8% in 2023, with an 80% confidence band of 2.2 to 3.3%, which was up from the previous month’s forecast of 2.6% growth.
In its most recent policy review, the Monetary Policy Committee for the Reserve Bank of India (RBI) chose to keep a key short-term policy rate, the repo rate, steady at 6.50%.
Borrowing costs in the U.K. have risen above the levels hit during Liz Truss’s stint as prime minister, despite stronger-than-expected job and salary reports, which had reinforced expectations that the Bank of England could raise interest rates.
RBI Gov. Shaktikanta Das said that India’s Monetary Policy Committee opted to maintain the benchmark repo rate for a second consecutive meeting, BQ Prime reported on June 8.
Beverly Hirtle, the director of research and head of the Research and Statistics Group, will start working as a research advisor on June 30, according to a statement released by the Federal Reserve Bank of New York.
As rate increases earlier this week stunned investors in Canada and Australia, and Reserve Bank of India (RBI) Gov. Shaktikanta Das delivered a predictable policy by pushing the pause button for a second time, investors on Dalal Street were somewhat let down when the RBI’s rate-setting panel MPC decided to maintain its stance of “withdrawal of accommodation.”
After the Reserve Bank of India decided to maintain its position focused on “withdrawal of accommodation” and keep policy rates constant, stocks in the banking sector remained mainly stable on Thursday.
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.
