Federal Reserve
Pre-planned projects drive two thirds of Opportunity Zone growth
A Federal Reserve study reveals that state governors prioritized census tracts with pre-existing construction planning for Opportunity Zone designation.
Focus
Endogenous firm planning horizons amplify inflation volatility
Federal Reserve researchers demonstrate that firms dynamically adjust how far ahead to plan when setting prices.
Cook ready to raise rates as inflation holds at 3.7 percent
Federal Reserve Governor Lisa Cook stated she is prepared to support interest rate increases if inflation does not resume its downward path toward the two percent target.
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Coastal Bend Bancshares cleared to acquire First National Bank
The Federal Reserve Board has approved the application by Coastal Bend Bancshares, Inc. to acquire First National Bank in Port Lavaca, Texas.
Scarring effects steepen Phillips curve and alter economic gaps
A Federal Reserve working paper finds that cyclical shocks cause persistent scarring to potential output and the natural rate of unemployment.
Proposal modernizes capital rules for mutual holding companies
The Federal Reserve Board requested public comment on a proposal to modernize the regulatory framework for mutual holding companies.
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Bank insider credit limits raised under proposal
The Federal Reserve has requested public comment on proposed amendments to Regulation O to modernize rules governing credit extended to bank insiders.
Firm cost beliefs steepen Phillips curve and mute demand shocks
A Federal Reserve study by Robert Minton and Hugo Monnery reveals that US firms form cost forecasts by overreacting to past unit costs while underreacting to aggregate signals.
Uncertainty shocks steepen credit surfaces and raise leverage costs
Federal Reserve researchers John Geanakoplos and David Rappoport show that uncertainty shocks steepen corporate credit surfaces, raising borrowing costs for leveraged firms.
Rates held at 3.50 to 3.75 percent in 9-3 split vote
The Federal Reserve maintained the federal funds target range at 3.50 to 3.75 percent in a 9-3 vote on July 29, 2026.
Foreign financial vulnerabilities amplify US downside growth risk
A new Federal Reserve paper introduces a Transmission Growth-at-Risk (TGaR) framework, revealing how foreign financial vulnerabilities shape U.S. downside growth prospects.
LCR buffers, not levels, enable bank credit during stress
A Federal Reserve paper finds that banks with higher Liquidity Coverage Ratio (LCR) buffers provided more credit to firms during the COVID-19 crisis.