Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring?
With mortgage rates on the decline, an already competitive residential real estate market is set to grown even fiercer in Connecticut.
Citizens Bank has tapped a Barclays Bank veteran to be its lead financial executive.
An executive order signed Thursday by President Donald Trump could give real estate projects, private equity and cryptocurrency firms long-sought access to a pool of funds worth trillions.
Chase Bank says it is planning to open five more branches in Connecticut over the next two years, adding to its existing 62-branch total.
A division of a major presence in the Hartford-area banking market is proposing to merge with a rural Massachusetts lender to create a $6.69 billion-asset institution.
While customer satisfaction remains high for mortgage originators, customers are increasingly dissatisfied with their mortgage servicers. Andrew Marquis, senior vice president at Cleveland-based CrossCountry Mortgage, thinks the issue may be that originators have set the customer service bar too high.
Connecticut saw the largest annual increase nationwide in the proportion of equity-rich homes in the second quarter of 2025.
First County Bank CEO Robert J. Granata will retire in July 2026.
The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting.
Currently in the design phase, Sikorsky Credit Union plans a new branch opening in Fairfield in 2026.
The financial industry faces a “significant impending fraud crisis” because of the technology’s ability to bypass security checks and move money, Sam Altman said.
New research identifies a trend that helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs.
CFPB employees say they have been forbidden from doing any work by directive from the White House. Some bankers had accused the agency of overreach.
Jeffrey Culp, the first occupant of Liberty Bank’s new deputy CFO role, is looking for avenues where the bank can scale upwards despite the uncertainty currently buffeting the U.S. economy.
Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and appliances.
A longtime senior executive at a major Boston-area bank is decamping to East Hartford for his next career move.
CEO Jamie Dimon noted that plenty of risks to the U.S. economy remain, including trade uncertainty, geopolitical conflicts and federal government deficits.
Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs.
