federal reserve

This recession indicator is flashing a warning sign – WREX.com

The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the longer term, spurring interest …

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Prime rates edge up on heels of Fed benchmark hike – Auto Finance News

Prime rates at the nation’s largest banks with auto lending arms increased today following the Federal Reserve’s announcement Wednesday that the central bank would increase its benchmark interest rate 25 basis points (bps) to a target range of 0.25% to 0.50%. Bank of America, Fifth Third, JPMorgan Chase, PNC Financial, Truist Bank and Wells Fargo …

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