Federal Agencies Propose Regulation Codifying Use of Supervisory Guidance
Five federal agencies yesterday issued a proposed regulation that would codify a 2018 guidance clarifying that supervisory guidance does not have “force and effect of law.”
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Economy Shows Hint of Recovery
What goes down must come up: after the coronavirus resulted in a staggering record drop in the second quarter, the U.S. economy bounced back somewhat in the third quarter, according to the first (advance) estimate of gross domestic product.
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September Pending Home Sales Dip 2.2%
After four straight months of contract activity growth, pending home sales declined by 2.2% in September, the National Association of Realtors reported yesterday.
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Initial Claims Fall to Lowest Level Since March
Initial claims for unemployment insurance fell to their lowest level since March, the Labor Department reported yesterday, but remain elevated from pre-pandemic levels.
Retail, Office Prices Drop as Apartment, Industrial Gain
Real Capital Analytics, New York, reported commercial real estate price growth increased at a 1.4 percent annualized pace in September as gains in apartment and industrial sector prices offset declines in retail and office price.