This week's editors' picks include a Fed Focus on interest rate changes and a look at the decreasing list of minority-designated banks.
Clarida: Rate cuts could follow 'persistent' inflation shortfall or growth risks
Fed Vice Chairman Richard Clarida, speaking at the Economic Club of New York, said the Fed's patient stance on interest-rate changes remains appropriate given that the economy is in a "good place."
Minority-designated banks continue to dwindle with sale of Miami lender
The number of minority-designated banks in the U.S. has dropped in the last decade.
Global Payments, TSYS execs discuss future expansion after $22B merger
Global Payments Inc. will combine with Total System Services Inc. in a merger valued at about $21.5 billion, and management is already eyeing future growth opportunities.
Trade spats cause economists to shift Fed calls, with some seeing rate cuts
Escalating trade spats between the U.S. and other countries are increasing the chatter that the Federal Reserve will cut interest rates this year instead of staying on hold.
Asset managers await SEC decision that could unlock floodgates for bond ETFs
By September, the SEC is expected to finalize a nearly year-old proposal to repair the patchy regulatory framework that currently controls how asset managers launch ETFs that track everything from emerging-market stocks to Silicon Valley's technology giants.