Finance News
What the Fed Signaled in June 2026: A Unanimous 3.50%-3.75% Hold
The FOMC held the target range at 3.50%-3.75% on June 17, 2026 with a 12-0 vote, and the median SEP projection puts the year-end rate at 3.8%.
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Finance News
Business News reports the commercial position of payment and banking companies: capital raises, valuations, quarterly performance, acquisitions and market share movement among processors and acquirers. Coverage follows consolidation and its effect on pricing. Intended for investors, partners and competitors tracking who gains ground.
Finance News
Why Mortgage Rates Don't Follow the Fed: They Track the 10-Year
The Fed has held its range at 3.50%-3.75% since December 2025, yet the 30-year fixed rose from 6.16% to 6.53% by late May 2026 - because mortgage pricing runs…
Finance News
Q1 2026 Bank Earnings: JPMorgan Grows Net Interest Income 9%
JPMorgan's April 14, 2026 release showed net income of $16.5 billion, net interest income up 9% year over year to $25.5 billion, deposits up 7% and provisions…
Finance News
What March 2026 CPI Showed: Gasoline Drove a 0.9% Monthly Jump
The BLS reported on April 10, 2026 that headline CPI rose 0.9% in March on a 21.2% gasoline surge, lifting the 12-month rate to 3.3% while core ran at 2.6%.
Finance News
How Credit Card APRs Track the Prime Rate When the Fed Cuts
Variable card APRs reprice automatically off the prime rate - 6.75% since the December 2025 cut and unchanged through the Fed's January and March 2026 holds -…