Owners who are just now putting their homes on the market appear to be an optimistic bunch. Whether they are too hopeful remains to be seen, but the signs are pointing to a slowdown that could stop the march of ever-higher prices.
The Federal Reserve’s new real-time payments system will operate seven days a week, including holidays, but its launch date still hasn’t accelerated.
Banks participating in the Paycheck Protection Program could avoid increases in deposit insurance rates that would otherwise see effects from borrowing for the program.
Massachusetts retail executive Lizanne Kindler has been elected as the newest member of the Federal Reserve Bank of Boston’s board of directors, the bank announced on Jan. 10. Chandler Howard, the recently retired president and CEO of Middletown-based Liberty Bank, is among the members who will return to the board.
By the middle of next year, Federal Reserve Bank of Boston President Eric Rosengren says he expects unemployment to fall to 4.7 percent and inflation to beat the Fed’s 2 percent target, leaving policymakers at risk of having to squelch the recovery with faster-than-expected rate increases.
San Francisco Federal Reserve Bank President John Williams on Thursday joined a growing chorus of his colleagues signaling support for a U.S. interest rate hike in coming months, saying that waiting too long could be costly for the economy.
