Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank's staff missed signs ahead of Silicon Valley Bank's 2023 failure.
The Bank of Japan answered U.S. Treasury Secretary Scott Bessent’s call to raise rates, but the yen still weakened, potentially creating a new concern for Bessent, who helped lead the first coordinated support for the yen since 1998 earlier this summer.
Oil prices fell for a third day Friday, with WTI crude slipping below $100 a barrel as expectations of restored Saudi pipeline flows eased immediate supply concerns.