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Federal Reserve Extends Pause on Interest Rate Hikes, Projects 2024 Rate Reductions

The Federal Reserve stated on Wednesday that it will once again maintain the target range for the federal funds rate between 5.25% and 5.5% just as it did in September and November. In addition, as reported by CNN, the Fed is projecting “three quarter-point cuts in 2024.” read more

Mechanics Bank, Rabobank Receive Regulatory Approval for Merger

Mechanics Bank and Rabobank received approval from the Federal Reserve, the OCC, the FDIC and the California Department of Business Oversight for Mechanics’ pending acquisition of Rabobank. read more

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