NEW YORK—Cracks in the “resilient consumer narrative are starting to appear,” according to one new report.
Fresh Today
WASHINGTON–A majority of members of the Federal Reserve indicated during the Fed’s September meeting they believe interest rates would need to remain “restrictive” until they are convinced inflation is headed firmly toward the central bank’s 2% annual target, newly released meeting minutes show.
WASHINGTON–The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in September on a seasonally adjusted basis, after increasing 0.6% in August, according to new data from the U.S. Bureau of Labor Statistics.
PEWAUKEE, Wis.–Credit union leaders gathered here were told by one economist there is no need for the Fed to raise rates anymore, which could tip the country into recession, and that he believes there is a “one-in-four chance they will blow it.”
MADISON, Wis.–CUNA has released its Economic Update for September.
WASHINGTON – While the credit union trade groups have been critical of new announcements by the Biden Administration that seek to crack down on junk fees, consumer groups are praising the crackdowns.
NEW YORK–Inclusiv has announced it is participating in the Justice Climate Fund (JCF) application to “ensure those who have been left behind and are most impacted by climate change benefit from the Environmental Protection Agency’s (EPA) National Clean Investment Fund (NCIF) competitive grant program.”
ALEXANDRIA, Va.–Credit union leaders can now begin to make their 2024 travel plans, as the NCUA board has released its schedule of monthly meetings for the new year.
WASHINGTON — Saying bank failures in 2023 have eroded faith in banks, the FDIC has launched a new campaign aimed at increasing the public’s awareness of deposit insurance and how it can protect people’s money in the event of a bank’s failure.
GREENSBORO, N.C.–Countless employees at credit unions across the country used the Columbus Day/Indigenous People’s Day holiday this week this week to volunteer their time.