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Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
Fed lifts Wells Fargo's 2018 asset cap, citing progress in culture and compliance reforms.
Wall Street’s rally slows following discouraging updates on economy
U.S. stocks edge up as Trump's 50% steel tariffs near and EU-U.S. trade talks begin in Paris; Wells Fargo gains 2.5% after Fed lifts curbs.
Barkin: Affordable housing key to rural economic growth
Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are driving population and economic growth in small towns across the Fifth District.
US stocks drift as S&P 500 flirts with its first drop in 7 days
U.S. stocks slipped as Wall Street rally loses steam. Travel stocks fell, quantum tech soared, and tariff, debt fears continue to pressure markets.
US stocks drift as Wall Street heads for the finish of a big winning week
U.S. stocks edge higher as Wall Street wraps up a strong week, lifted by easing inflation and a tariff truce between the U.S. and China.
Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials
Wall Street trades flat as investors await retail sales data and Fed signals on interest rates amid U.S.-China trade pause and cooling inflation.
Wall Street climbs following a slowdown in inflation as the S&P 500 erases its loss for 2025
U.S. stocks rise as inflation slows and tech shares surge. AI stocks lead gains, while tariffs and Fed policy keep investors cautious.
Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.
Fed holds interest rate at 4.3% amid tariff and inflation uncertainty
The Fed kept rates steady at 4.3%, citing rising risks of inflation and unemployment due to Trump’s sweeping tariffs on imports from China and beyond.
Fed holds rates steady amid tariff-driven inflation risk
The Fed keeps interest rates unchanged as it weighs Trump’s tariffs, inflation risk, and economic uncertainty before deciding on possible future cuts.
Wall Street gains ground as China shores up its economy ahead of trade talks with the US
Stocks fluctuated as China rolled out new economic support and U.S. trade talks loom, while tech shares and tariff worries pressured markets.
Federal Reserve likely to defy Trump, keep rates unchanged this week
The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.
