Economics News on Monetary Brief

Latest News

G7 addresses global minimum tax concerns with proposed 'side-by-side' solution

Earlier this year, the U.S. Secretary of the Treasury expressed concerns regarding the Pillar 2 rules agreed upon by the OECD/G20 Inclusive Framework on BEPS.

Reserve Bank of Australia seeks input on clearing and settlement resolution regime

The Reserve Bank of Australia (RBA) has issued a consultation paper regarding proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime.

Butler Heritage FCU liquidated; Cincinnati Ohio Police FCU assumes membership

The National Credit Union Administration (NCUA) has facilitated a partial purchase and assumption agreement between Butler Heritage Federal Credit Union (FCU) in Middletown, Ohio, and the Cincinnati Ohio Police Federal Credit Union (COPFCU).

NCUA prohibits two individuals from working with federally insured institutions

The National Credit Union Administration (NCUA) has issued two prohibition orders in June 2025.

Housing affordability crisis addressed at Fed’s ‘State of Nation’s Housing’ event

Home prices across the United States have increased by more than 60% since 2019, reaching a median price of $412,500 for a single-family home in 2024.

Agencies release list of distressed nonmetropolitan geographies for CRA credit

Federal bank regulatory agencies have published the 2025 list of distressed or underserved nonmetropolitan middle-income geographies.

Treasury acts against Mexican banks linked to fentanyl trafficking

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has taken decisive action against three financial institutions in Mexico, marking the first use of powers granted under the Fentanyl Sanctions Act and the FEND Off...

UC Berkeley students win top prizes in national affordable housing competition

Near the edge of Florida, in unincorporated West Palm Beach, Dyson Circle Apartments stands as a housing complex that has faced challenges since its construction in 1975.

Treasury sanctions fugitive leader of Venezuelan gang involved in criminal activities

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against Giovanni Vicente Mosquera Serrano, a fugitive leader of Tren de Aragua (TdA).

U.S.-UK working group discusses economic stability, digital finance at London meeting

The U.S.-UK Financial Regulatory Working Group held its 11th official meeting in London on June 3, 2025.

Parsons and IBM collaborate on new air traffic control system

Parsons Corporation and IBM have announced a collaboration to develop a new air traffic control system in response to President Donald Trump’s and Transportation Secretary Sean Duffy’s vision.

Agencies issue exemption order on customer identification program requirements

The Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, and the National Credit Union Administration have issued an order granting an exemption from a requirement of the Customer Identification Program (CIP) Rule.

Boston Fed President visits South Coast Rail; discusses economic impact

The South Coast Rail service in southeastern Massachusetts, which opened this spring, has reconnected the cities of Fall River, New Bedford, and Taunton to Boston by commuter rail for the first time in 65 years.

Carlyle and UBS collaborate on private equity secondaries initiative

Global investment firm Carlyle and UBS's Unified Global Alternatives (UGA) business have announced a collaboration focused on an open-ended private equity secondaries initiative aimed at wealth management clients.

Cleveland Fed survey reveals business concerns over higher tariffs

The Federal Reserve Bank of Cleveland has released findings from a recent survey examining the expected impact of higher tariffs and changes to immigration policy on regional businesses.

Cleveland Fed's Policy Summit features President Hammack's remarks

President Hammack delivered opening remarks at the Cleveland Fed’s Policy Summit on June 26, 2025.

Cleveland Fed hosts policy summit focusing on economic growth and stability

The Federal Reserve Bank of Cleveland recently hosted its seventeenth Policy Summit, a community development event that gathered experts to discuss economic growth and financial stability.

Keyring approach offers flexible alternative for managing complex data environments

Organizations are rethinking their data management strategies as data becomes both a strategic asset and a compliance challenge.

Federal Reserve Bank of Cleveland hosts Policy Summit on community building

The Federal Reserve Bank of Cleveland, in collaboration with several other Federal Reserve Banks, is hosting the seventeenth Policy Summit on June 26-27, 2025.

CFOs express heightened concern over tariffs impacting costs and investments

Financial decision-makers have expressed increased concern over tariffs and trade policy, according to the CFO Survey conducted by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.