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The results of the Federal Reserve Board's annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing more than $708 billion in total loan losses under this year's hypothetical scenario, capital declined only 1.6 percentage points in aggregate, staying above minimum capital requirements. "Today's results underscore the strength of the banking system," Vice Chair for Supervision Michelle W. Bowman said. "As we work to increase the transparency and accountability of the stress test, public feedback will help us continue to improve and instill greater confidence in the stress test and its results." As the Board previously announced, today's results will not impact large bank capital requirements, which have been published today. The current capital requirements will stay in place until 2027, when the stress test will be run with loss-estimating models that take public feedback into consideration. All 32 banks tested remained above their minimum common equity tier 1 capital requirements during this year's hypothetical recession scenario, which was similar in severity to the prior test. The hypothetical scenario this year included a severe global recession with a 39 percent decline in commercial real estate prices and a 30 percent decline in house prices. The unemployment rate also increased to a peak of 10 percent, and economic output declined commensurately. Three main factors influenced the results of this year's test, with two leading to a larger decline in the aggregate capital ratio than last year, and one more than offsetting this decli The Fed: 32 large banks are well-positioned to weather a severe recession and continue lending under the latest stress test - Statement

The labor share of income in the U.S. is currently at its lowest-ever level in the post-war period. The labor share measures the fraction of economic output paid to workers as wages and salaries. As such, it is a useful benchmark for wage growth: when the labor share falls, it means that productivity, prices, or both are growing faster than wages. After ...

Analysts and markets were in unison following Kevin Warsh’s first press conference as chair of the Federal Reserve – he’s a hawk, orthodox, not the president’s sock puppet. But the hawkish interpretation is premature and it may be wrong. Time will tell. This was Warsh’s first Federal Open Market Committee meeting. Reputations are made up front and ...

STARTRADER has added SPCX CFD (Space Exploration Technologies Corp.) to its trading platform, making the instrument available on MT5 from 15 June 2026 and on the STARTRADER App from 18 June 2026. The listing comes just three days after SpaceX’s Nasdaq debut on 12 June, one of the fastest turnarounds in the broker’s instrument launch history. SpaceX’s IPO ...

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2026. Sales of new single-family houses in May 2026 were at a seasonally-adjusted annual rate of 580,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of ...

The U.S. current-account deficit resulting from international economic transactions widened by $5.8 billion, or 2.6 percent, to $226.8 billion in the first quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.1 billion. The first-quarter deficit was 2.9 percent of ...

*BESSENT: SEE NON-INFLATIONARY ECONOMY ACCELERATION REST OF YEAR *BESSENT: YOU CAN HAVE STRONG DOLLAR WHEN RATES ARE BEING CUT US Treasury Secretary Bessent: I don't think anyone should do Fed dot projections US Treasury Secretary Bessent, on Fed: I applaud Warsh for eliminating forward guidance US Treasury Secretary Bessent: In February, thought inflation would be close to 2% by mid-summer

CNBC's Matt Peterson reports on news regarding the Federal Reserve.

CNBC's Matt Peterson reports on news regarding the Federal Reserve.

For the first time since 2023, most Americans think it's a better idea to buy a home than rent or move in with relatives. Fifty-three percent of respondents surveyed by Bank of America said it was better to buy a home now, up from 48% last year and 47% in 2024. Other measures of attitudes toward homeownership, such as the percentage of respondents who say a ...