Federal Reserve

Inflation is slowly falling while student debt is climbing: 6 graphs that explain the CPI

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Thursday, April 25, 2024
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The monthly measure of annual inflation also released on Wednesday rose marginally from 3.4% in February to 3.5% in March.

Key Points: 
  • The monthly measure of annual inflation also released on Wednesday rose marginally from 3.4% in February to 3.5% in March.
  • As the chart shows, it has twice given a false impression that inflation was rising again over the past year.
  • But the figures released on Wednesday show inflation in the price of services continuing to fall, although more slowly over the March quarter.
  • The Reserve Bank will update its inflation and other economic forecasts on May 7, one week before the May budget.

Mutual funds and safe government bonds: do returns matter?

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Thursday, April 25, 2024
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Key Points: 

    Recent inflation developments and wage pressures in the euro area and the United States

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    Thursday, April 25, 2024
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    Core inflation remains elevated overall in both economic areas, due notably to high levels of services inflation.

    Key Points: 
    • Core inflation remains elevated overall in both economic areas, due notably to high levels of services inflation.
    • Labour costs started moderating earlier in the United States, with euro area wage growth peaking later and productivity growth being muted by cyclical and structural factors.

    Economic Bulletin Issue 3, 2024

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    Thursday, April 25, 2024
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    The European Banking Authority (EBA) today launched a public consultation on its draft Regulatory Technical Standards (RTS) on the method for identifying the main risk driver and determining whether a transaction represents a long or a short position. These RTS are part of the Phase 1 deliverables of the EBA roadmap on the implementation of the EU banking package in the area of market risk. The consultation runs until 24 July 2024.

    Key Points: 


    The European Banking Authority (EBA) today launched a public consultation on its draft Regulatory Technical Standards (RTS) on the method for identifying the main risk driver and determining whether a transaction represents a long or a short position. These RTS are part of the Phase 1 deliverables of the EBA roadmap on the implementation of the EU banking package in the area of market risk. The consultation runs until 24 July 2024.

    Luis de Guindos: Interview with Le Monde

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    Tuesday, April 23, 2024
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    Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.

    Key Points: 
    • Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.
    • The housing cost burden has, however, increased slightly for both renter and mortgage households at the upper end of the income distribution.

    Isabel Schnabel: The future of inflation (forecast) targeting

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    Thursday, April 18, 2024
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    Stock market development and familiarity (language and distance) are considered key determinants for home bias.

    Key Points: 
    • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
    • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

    Central bank digital currency and monetary policy implementation

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    Thursday, April 18, 2024
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    Key Points: 

      Council of Federal Home Loan Banks Applauds GAO Report Findings

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      Monday, April 8, 2024
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      WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.

      Key Points: 
      • WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.
      • Additional highlights from the GAO report include:
        Federal financial regulators did not identify FHLBank advances as a factor of concern in any of the three banks’ safety and soundness.
      • Starting on March 9, 2023, the FHLBanks and the Federal Reserve Banks of New York and San Francisco made several efforts, in accordance with their policies and procedures, to help the failing banks pledge collateral to obtain liquidity from the Federal Reserve Banks.
      • It is also worth noting that the GAO report affirms that advances provided to the failed banks had a very limited, if any, direct impact on the Deposit Insurance Fund.”

      Janover Reports Fiscal 2023 Financial Results and Provides Business Update

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      Thursday, March 28, 2024
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      BOCA RATON, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today provided a business update, and announced its financial results for the year-ended December 31, 2023.

      Key Points: 
      • BOCA RATON, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today provided a business update, and announced its financial results for the year-ended December 31, 2023.
      • However, the downward pressure on the commercial real estate financing business was offset by strong growth in the SBA and SMB business, which more than doubled over the past two fiscal years.
      • Sales and marketing expenses for the year-ended December 31, 2023, were $2.0 million, compared to $1.6 million for the year-ended December 31, 2022.
      • Adjusted EBITDA and adjusted EBITDA per share are non-GAAP financial measures (defined below).

      Customers Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts

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      Tuesday, April 9, 2024
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      Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada.

      Key Points: 
      • Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada.
      • With new talent, Customers Bank builds its prominence on East and West Coasts.
      • “At Customers Bank, we're intent on ensuring that our teams are fully supported to provide our clients with access to trusted and tested expertise,” said Customers Bank Executive Chairman Jay Sidhu.
      • Major accolades include:
        A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender.