Rita Garwood

Banks have been steadily increasing their presence in equipment finance over the years via mergers and acquisitions and by hiring experienced leadership teams. When the Monitor 100 launched in 1992, U.S. bank affiliates contributed 17% of the ranking’s net assets.... read more

February 27, 2024

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began its efforts to curb rising inflation last March. read more

MAY 4, 2023 - 7:14 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023. read more

MAR 23, 2023 - 7:24 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.5% and 4.75%, marking a quarter point increase. The move was less drastic than its seven rate increases in 2022, with all but one of those lifting rates by three quarters of a point. read more

FEB 2, 2023 - 7:10 am

The Federal Reserve continued its efforts to curb rising inflation on Wednesday, announcing that it will raise the target range for the federal funds rate to between 3% and 3.25%, marking yet another 0.75% increase following similar actions in June and July. read more

SEP 22, 2022 - 7:38 am

On Wednesday, the Federal Reserve made its third hike to the federal funds rate in 2022, increasing the rate to a range between 1.5% and 1.75%. According to Yahoo Finance, the 0.75 percentage point increase was “the largest move [the Fed] has made in a single meeting since 1994.” read more

JUN 16, 2022 - 7:46 am

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

MAY 5, 2022 - 7:37 am

The Wall Street Journal reported that the Fed’s emergency rate cut “took a direct hit” to banks and insurers. read more

MAR 4, 2020 - 6:00 am

The Wall Street Journal reported that Federal Reserve’s rate-setting committee could expect more consensus in 2020 after an annual rotation of its members. read more

DEC 27, 2019 - 6:30 am

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2% to 2-1/4% at its November meeting. read more

NOV 9, 2018 - 6:30 am

The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation. read more

SEP 27, 2018 - 6:50 am

Fed officials interviewed last week reinforced the notion the Fed will raise rates in September and Decembers. However, judging from a headline speech by Chairman Jerome Powell, Bloomberg notes this path may be far from certain. read more

AUG 27, 2018 - 7:20 am

The Equipment Leasing & Finance Foundation released a new study to prepare equipment finance firms for the possibility of a more rapid rise in inflation and interest rates in the near future. read more

JUN 12, 2018 - 7:21 am

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets. read more

MAR 22, 2018 - 7:46 am

The Federal Reserve raised its benchmark rate for the second time in three months, this time to a range between 0.75% and 1%. read more

MAR 16, 2017 - 7:19 am