Financial regulation, banking policy, and markets reporting by Andrew Ackerman
Andrew Ackerman: Fintech growth raises questions for bank regulatory rules
Andrew Ackerman argues that while there are valid reasons to tailor regulations for smaller community banks, discussions about deregulation are incomplete if they omit the rise of fintechs ...
Mortgage rates are rising at the fastest pace since 2023, Andrew Ackerman notes
Andrew Ackerman highlights that mortgage rates are rising at their fastest pace since 2023, a period when the Federal Reserve last tightened policy to address elevated inflation. The recent surge ...
Andrew Ackerman: Ticket income and gifts drop sharply in 2025 and early 2026
Andrew Ackerman reports that ticket income declined by 15 percent in the financial year ending in September 2025, while gifts to the center decreased by nearly 25 percent. He adds that the center ...
Polymarket wagers on bank failures raise regulatory questions, Andrew Ackerman notes
Andrew Ackerman reports that Polymarket's markets allowing bets on individual bank failures are prompting scrutiny in Washington. The activity has led to concerns that such financial betting ...
Andrew Ackerman: Core CPI rises 0.3 percent in August, boosting hike odds
Andrew Ackerman reports that the U.S. core Consumer Price Index (CPI) rose by 0.3 percent in August, coming in slightly hotter than anticipated and lending support to the case for an interest rate ...
Federal Reserve chairman hints at data focus in economic analysis, Andrew Ackerman notes
Andrew Ackerman reports that the Federal Reserve's chairman has vowed to reassess how the central bank analyzes the U.S. economy. In a recent speech, the chairman offered hints about the specific ...
Andrew Ackerman: Fed chair calls for quieter, more purposeful communications
Andrew Ackerman reports that, near the end of the longest Jackson Hole address by a Fed chair since 2018, the central bank leader advocated for a quieter Federal Reserve that is more purposeful in ...
Gold surges 15 percent this month as Treasury acts on U.S. debt, Andrew Ackerman notes
Andrew Ackerman highlights a sharp rise in gold prices of about 15 percent this month, attributing the move to renewed focus on the so-called debasement trade. The rally comes alongside efforts by ...
Andrew Ackerman: U.S. president’s market intervention risks worsening sentiment
Andrew Ackerman criticizes the U.S. president’s recent actions in currency and bond markets, describing these efforts as having an air of desperation. Ackerman argues that such interventions ...
U.S. gas prices fall by about 50 cents from peak, Andrew Ackerman notes
Andrew Ackerman reports that drivers are currently paying an average of just over $4 per gallon for gasoline in the U.S., which is about 50 cents lower than this year’s peak. However, gas ...
Andrew Ackerman: CPI data may influence September FOMC direction
Andrew Ackerman highlights that next week’s Consumer Price Index data may play a significant role in determining the direction of the Federal Open Market Committee meeting in September. ...
Failure to act against inflation seen as risk, Andrew Ackerman warns
Andrew Ackerman highlights concerns about central bank responses to inflation. In a 2008 speech, former Fed governor Warsh emphasized that investors viewed the central bank as vigilant on ...
Andrew Ackerman: Fed reporters prepare stories ahead of 2 p.m. decision
Andrew Ackerman describes the challenges faced by reporters covering the Federal Reserve, highlighting how they must prepare multiple story drafts without knowing what action the central bank will ...
Higher inflation seen as lasting in American business, Andrew Ackerman notes
Andrew Ackerman highlights that American businesses are increasingly convinced that higher inflation is becoming a lasting factor in the U.S. economy. According to Ackerman, several forces are ...
Andrew Ackerman: Fed governor attended Bank of America dinner during quiet period
Andrew Ackerman reports that a Federal Reserve governor spoke at a Bank of America dinner during the Fed's so-called 'quiet period.' This event raises questions about the timing and propriety of ...
Nine of nineteen Fed officials see at least one rate hike by year end, Andrew Ackerman notes
Andrew Ackerman reports that with no forward guidance from the U.S. Federal Reserve, attention has turned to the so-called dot plot. Nine out of nineteen Fed officials now anticipate at least one ...
Andrew Ackerman: U.S. consumer sentiment improves in June on lower gas prices
Andrew Ackerman reports that consumer sentiment improved slightly in June as gas prices declined early in the month. According to the University of Michigan survey, however, views on the overall ...
Kevin Warsh schedules first press conference as Fed chief, Andrew Ackerman notes
Andrew Ackerman reports that Kevin Warsh will host his first press conference as Federal Reserve chief next week following the latest FOMC meeting. Warsh has so far avoided committing to a ...
Andrew Ackerman: Self-Help Ventures Fund under CFPB scrutiny over early $77 bake sale origins
Andrew Ackerman reports that Self-Help Ventures Fund, a smaller lender, is currently under scrutiny by the Consumer Financial Protection Bureau (CFPB). The nonprofit lender traces its roots to a ...
Average hourly earnings rise 3.4% while inflation climbs, Andrew Ackerman notes
Andrew Ackerman reports that average hourly earnings in the U.S. rose 3.4% over the past year, according to data from the Labor Department released Friday. Despite the increase in wages, Ackerman ...
Andrew Ackerman: Americans see declining income as government aid drops
Andrew Ackerman reports that Americans are bringing home less money, with the outlook worsening when government aid is excluded from income calculations. He points to concerns that underlying ...
