macro

Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank

Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near

A painful fixed-income selloff is eroding returns in state and local government debt, driving the rate on benchmark 30-year municipal bonds above the 5% threshold.

Treasury secretary Scott Bessent says the countries have agreed to extension until January 10

Gold muted on Fed policy tightening bets, decline in oil Reuters

Why are markets greeting the surge with a shrug?

Rising yields strain public finances as expectations of Fed rate rise in October jump to about 70%

United States Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. Stephen Engle reports from Washington. (Source: Bloomberg)

Federal Reserve Board announces termination of enforcement action with SNB Bancshares and Bank of Eufaula

Federal Reserve Board issues enforcement actions with former employee of Northstar Bank, former employee of American Express Travel Related Services Company, Inc., and former employee of Regions Bank