News published on Monetary Brief in February 2025

News from February 2025

Household debt rises as auto loan delinquencies stay high

The Federal Reserve Bank of New York's Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit, indicating a rise in total household debt by $93 billion (0.5%) in the fourth quarter of 2024, reaching $18.04 trillion.

Carlyle acquires controlling stake in Indian auto component firms

Global investment firm Carlyle has announced the acquisition of a controlling stake in Highway Industries Limited and Roop Automotives Limited.

Cleveland Fed launches real-time data tool for regional business analysis

The Cleveland Federal Reserve Bank has introduced a new tool that provides near-real-time data on business conditions in its service region.

US, UK, Australia sanction Russian firm linked to ransomware attacks

The United States, Australia, and the United Kingdom have jointly sanctioned Zservers, a Russia-based bulletproof hosting services provider.

Federal Reserve Bank of Cleveland outlines mission during President Hammack's speech

President Hammack delivered a speech in Lexington, Kentucky, on February 11, 2025.

Carlyle reports Q4 and full-year financial results for fiscal year ending December 31

Global investment firm The Carlyle Group Inc. announced its unaudited financial results for the fourth quarter and full year ending December 31, 2024.

Federal Reserve Bank reports mixed consumer economic outlook for January

The Federal Reserve Bank of New York's Center for Microeconomic Data released its January 2025 Survey of Consumer Expectations, highlighting stable inflation expectations at short- and medium-term horizons, with an increase at the longer-term...

Cleveland Fed reports decline in CEO inflation expectations for early 2025

Inflation expectations among U.S. business leaders have declined in the first quarter of 2025, according to the Survey of Firms’ Inflation Expectations (SoFIE), published by the Cleveland Fed’s Center for Inflation Research.

Treasury Secretary discusses G7 priorities with Canadian finance minister

Earlier today, Secretary of the Treasury Scott Bessent had an introductory call with Canadian Minister of Finance and Intergovernmental Affairs Dominic LeBlanc.

Rodney E. Hood set to become first deputy comptroller at OCC

Secretary of the Treasury Scott Bessent has announced plans to appoint Rodney E. Hood as a Deputy Comptroller and designate him as the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC).

Attorney on Operation Choke Point 2.0: 'The government should fix what it has broken'

Stephen Gannon, a partner at Davis Wright Tremaine LLP, said that the U.S. government needs to address the harm caused by "debanking" crypto-linked individuals and firms under what is being referred to as Operation Choke Point (OCP) 2.0.

U.S. sanctions network over alleged Iranian oil shipments

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on an international network accused of facilitating the shipment of Iranian crude oil to China.

BaFin announces warning on unlicensed services by CoinCapitals and EasyInvestingPro

The Federal Financial Supervisory Authority (BaFin) has issued a warning against the websites coincapitals.net and easyinvestingpro.com for offering unlicensed financial and cryptocurrency services.

U.S. Treasury announces $125B offering in new quarterly refunding plan

The U.S. Department of the Treasury has announced plans to issue $125 billion in Treasury securities to refund approximately $106.2 billion of maturing Treasury notes and bonds.

Treasury Secretary holds first call with Bank of Japan Governor

Secretary of the Treasury Scott Bessent recently engaged in a virtual introductory meeting with Bank of Japan Governor Kazuo Ueda.

Treasury Borrowing Advisory Committee reports on economic conditions affecting borrowing strategies

The Treasury Borrowing Advisory Committee (TBAC) has issued a report to the Secretary of the Treasury, providing insights into current economic conditions and their implications for Treasury borrowing strategies.

Treasury announces nominations for assistant secretaries for financial institutions and markets

Secretary of the Treasury Scott Bessent announced President Trump's intention to nominate Luke Pettit and Jason De Sena Trennert for roles at the United States Department of the Treasury.

Treasury committee reviews fiscal strategies amid shifting economic landscape

The Treasury Borrowing Advisory Committee convened on February 4, 2025, at the Department of the Treasury to discuss various financial matters.

Moody's launches Maxsight platform for enterprise-wide global risk navigation

Moody's has introduced Maxsight, a new platform aimed at helping businesses manage and understand risks associated with third-party relationships, supply chains, and compliance processes.

Treasury Secretary Bessent discusses economic priorities with ECB President Lagarde

Secretary of the Treasury Scott Bessent recently engaged in an introductory meeting with European Central Bank President Christine Lagarde.