When oil prices jump, people get jumpy--especially when the Fed is bumping up interest rate targets at the same time. Why? Because these two events have accompanied virtually every recession since World War II. At least until now.
Our anti-trust laws dictate that bank mergers be rejected if they will substantially lessen competition in their markets. Yet bigger bank mergers are approved every year. What's going on? One word: divestiture.
Adam M. Zaretsky
Comparing the recent growth in the Eighth District's real estate markets to the previous year's record-breaking pace can make things look a little sluggish. The reality is anything but.
Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.