Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure – much higher interest rates, to cool spending and hiring – was expected to bring even more pain.
The US Small Business Administration reported an increase in the number and share of SBA-backed 7(a) and 504 loans going to Black-owned businesses.
The president of the Federal Reserve Bank of Boston believes that inflation still remains too high and that policymakers are keeping an eye on price stability.
The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
Citizens Bank is setting a $50 billion target to finance both “green” and “social” initiatives and projects by 2030.
When they meet again this week, the central bank’s policymakers are likely to decide they can afford to wait and see if the progress continues, experts say.
A former bank in downtown New Haven is slated for new life as a nightclub and events space, long after it was abandoned by its original users.
With the interest rate hikes expected to persist, U.S. small businesses are still optimistic while still being alert to the impacts that the current economic pressures, according to two bank surveys.
The commercial real estate lending environment may be a tough one right now, but a Massachusetts community bank is making headway in Connecticut as one of the year’s fastest-growing commercial real estate lenders.
The new chief financial officer of M&T Bank has four focus areas he intends to work on to polish operations in the regional bank.