π’ KC Fed Economic Bulletin:
At the Jackson Hole Economic Symposium, researchers shared work on the costs, benefits and risks for financial markets and the real economy from innovations in AI and payments technologies.
Read or download for free at https://t.co/f04AGMGTEF.
Banks and credit unions across the country are live on the FedNow Service. These innovative institutions are enabling individuals and businesses to send and receive payments instantly 24/7/365.
See who's live on the network: https://t.co/bo6MuL94Pe
Labor market conditions indicators from @KansasCityFed suggest the level of activity declined modestly and momentum was little changed in September. Track the series in FRED: https://t.co/GSOWcxF8kw
The downward pressure on labor force participation from baby boomers is partially offset by increasing participation among Gen Z: https://t.co/xLKSarL6Ul
The Kansas City Fed's Small Business Lending Survey for Q2 show that quarter-over-quarter, small and midsized banks reported stronger loan demand, while large banks reported weaker loan demand.
You can find the full results here: https://t.co/9MRY6iAILA
Small biz owners: We are seeking responses to the Small Business Credit Survey, which generates reports throughout the year to provide insights to policymakers, service providers and lenders.
Set aside a few minutes to make your voice heard: https://t.co/2UZvKgYjRz
β Homeschool Day at the Kansas City Fed's Money Museum is back! β
Join us on Oct. 7 at 1 p.m. Your FREE visit will include a guided hands-on activity and tour.
No tickets or registration needed! π
More info here: https://t.co/VaoVs1QKGP
Federal Reserve Bank of Kansas City President Jeff Schmid says the Fed hasn't fulfilled its promise on the inflation side of its mandate at the Richmond Fed's Investing in Rural America conference https://t.co/UYrCEE6Ca8
π¦ Community Banking Bulletin:
Under the 21st Century ROAD to Housing Act, community banks can now exclude more reciprocal deposits from brokered deposit treatment.
π: https://t.co/hcGmk6tI4Y
π΅ In recent years, a greater share of Tenth District firms report absorbing higher input costs rather than passing them on to customers. This could result in compressed profit margins, potentially requiring cost savings elsewhere.
π: https://t.co/mVyHGR4yXz
Opening Remarks by Vice Chair for Supervision Bowman at the Federal Reserve System Community Bank Cyber Workshop @KansasCityFed: https://t.co/YLpyoRcVe6
Learn more about Vice Chair for Supervision Bowman: https://t.co/tWe5lT3FDv
Publicly traded options reflect expectations about future economic conditions. The @KansasCityFed uses options prices to measure how financial markets perceive the future of short-term interest rates. Check the FRED Blog for the data and discussion https://t.co/3okKUr0Vvm
Since 2023, more firms in the Tenth District have been reporting higher input costs. Now more of these firms are absorbing higher costs instead of passing them along to customers. https://t.co/mVyHGR4yXz
The most likely Pay-by-Bank method to be implemented in the United States could differ from the most common method in other parts of the world. https://t.co/63CYqaoGsx
π’New Data: 2nd Quarter Small Business Lending Survey
New small business lending & outstanding loan balances rose compared to previous quarter & year-over-year.
Compared to previous quarter, all interest rates on new term loans decreased or were stable. https://t.co/9MRY6iAILA
Did you know the U.S. had an income tax during the Civil Warβthen let it expire?
This Economic Bulletin explains why, and what brought it back: https://t.co/XfmwV7ak7t
Are you ready for a health crisis or natural disaster?
September is National Preparedness month, so get your financial records in order before the next emergency strikes.
The Kansas City Fed's Plan. Prepare. Prevail materials can help: https://t.co/sb8YvefqhD
The Kansas City Fed's Money Museum has guided pop-up tours every Friday at 10 a.m. through the end of the year. Admission is always free. https://t.co/sTY5j7MoiG