News

The Federal Reserve's toolkit for controlling interest rates is functioning extremely well. The Federal Reserve's liquidity management has always been effective. The scale of Treasury purchases by the Federal Reserve for future reserve management purposes will be determined by market conditions. The Federal Reserve's toolkit is fully capable of addressing changes in bank reserve regulatory rules. Transitioning to a "Scarce reserve system" will present challenges.

Srouji is reorganizing the management structure of the product design team, with oversight of this division being transferred from Kate Bergeron to her deputies Shelly Goldberg, Dave Pakula, and Richard Dinh. This shift also involves the transfer of supervision over other core functions, such as product reliability, in-house chip engineering, and advanced technology, with several executives taking on new or expanded roles under the new structure. (Bloomberg)

Golden Ten Data reported on May 19 that in April, the number of U.S. existing homes for sale rose for the third consecutive month, indicating strong potential demand at the start of the spring sales season. Data shows that the U.S. pending home sales index increased by 1.4% in April, reaching 74.8—a five-month high. The report noted that as housing affordability gradually improves since mid-2025, the real estate market is gradually recovering as it enters the busiest selling season of the year. However, low-income homebuyers still face challenges from high mortgage rates and persistently high listing prices. Lawrence Yun, chief economist of the National Association of Realtors (NAR), said in a statement: "Despite growing economic uncertainty and slightly higher mortgage rates, homebuyers are still entering the market with cautious optimism."