Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they’ve been since May 14th. Today’s improvement was more of an afterthought, but nonetheless helps legitimize yesterday’s heavy lifting as something other than […]
Lowest Mortgage Rates Since May 14th Read More »
Key insight: The FDIC proposed scaling back resolution planning requirements for banks and lowering deposit insurance assessments. Supporting data: The resolution planning proposal would raise the applicability threshold from $50 billion to $100 billion, exempting 16 of the 48 banks currently covered. Forward look: Comptroller of the Currency Jonathan Gould described the proposals as “initial
FDIC proposes slim resolution plans, lower insurance fees Read More »
Key takeaway: Christopher Phelan said that it is too early to tell whether tariffs will have an impact on the economy and said that inflation readings were worse during the Biden administration. Expert quote: “America is the best place in the world to be a participant in the economy at any level. We are the
CEA nominee pressed on inflation, tariffs during Senate hearing Read More »