Chairman Jerome Powell met with President Donald Trump and Treasury Secretary Steven Mnuchin Monday to discuss the economy, marking another face-to-face sit down this year amid relentless White House criticism of the U.S. central bank.
Some 11,935 consumers filed for insolvency in September, according to the Office of the Superintendent of Bankruptcy — a 19-per-cent increase from a year earlier and the biggest annual gain since 2009.
BNN Bloomberg sets up the week ahead with what investors need to know.
Continuing low interest rates could dent U.S. bank profits and push bankers into riskier behavior that might threaten the nation’s financial stability, the Federal Reserve said in a report released Friday.
The reading signals consumers remain willing to spend, though at a slower pace than earlier this year, as the robust jobs market and solid wage gains offer reasons for Americans to remain upbeat.
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