One of twelve regional Federal Reserve banks; it conducts economic research and operates FRED, a widely used public database of economic data.
US private data-center construction ran at about $85 billion a year in August, 73% above a year earlier, according to the Census Bureau. AI spending only lifts growth when it rises, so the crews building these campuses now need next year's budgets to beat this year's.
Reality
State supervisors surveyed 330 community banks and found 60.2% rank deposit outflows and lost lending as stablecoins' most or moderately impactful effects. The banks' main answer so far is a push for uniform rules, while a smaller group prepares products of its own.
Reality
Fed supervision chief Michelle Bowman is scrapping dozens of internal committees and regrouping bank oversight into five regions drawn on state lines. A parallel plan to raise asset thresholds by as much as 50%, on TD Cowen's estimate, will decide more of what banks pay for supervision.
Reality
Fed Governor Christopher Waller said AI agents now account for about half of visits to FRED, a site whose traffic is growing 150% a year. The Fed is adapting its flagship database for the software that now sits between official data and the people who use it.
Reality
The build is now the largest driver of U.S. private investment growth, and 71% of Americans polled want none of it nearby, which makes entitlement risk rather than capital the thing infrastructure investors have to price.
Perspective Coverage
4 publishersReality
American Banker's count of more than 8,000 FOMC speeches shows the growth since 1979 came almost entirely from officials other than the chair. This week's expected quarter-point move is the first test of the new approach.
Reality
Out-of-state buyers took Comerica, Veritex and Cadence, and Huntington went from zero Texas branches to 140 in a year. Incumbents from Frost down to a $55 million bank in Groom say they will bend on price.
Reality