TakeFive: FOMC holds in May, awaits greater clarity amid increased uncertainty
In the latest edition of Take Five with the St. Louis Fed, Senior Business Economist Kathleen Navin discusses Federal Open Market Committee’s (FOMC’s) May 9, 2025 policy statement and her views on the economy.
5/9/2025 Read more about FOMC holds in May, awaits greater clarity amid increased uncertaintyWhat's New
All itemsfrom What's NewCybersecurity, regulation, and technology and funding costs are community bankers’ most pressing current concerns, according to an annual survey that covers the economic, regulatory, competitive and operational challenges they face.
One of the pressures the banking industry has faced over the past two years is the rising cost of deposits. Rates paid on deposits have risen sharply since March 2022, when the Federal Reserve began tightening monetary policy. Although last week’s reduction in the Fed’s target range for the federal funds rate promises relief, there are factors other than monetary policy at play.
Despite some headwinds going into 2024, the U.S. commercial banking industry posted satisfactory earnings, asset quality and capital in 2023, although several indicators were down from their 2022 levels.
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All itemsfromTake Five is a popular video series featuring St. Louis Fed senior business economist Kathleen Navin. In each video, Navin provides a quick, concise synopsis of the most recent meeting of the Federal Open Market Committee (FOMC).