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Market Commentary: Week of April 11, 2022

SWBC's LenderHub

Last week was highlighted by carnage in the long end of the Treasury yield curve as both Federal Reserve Vice-Chairwoman Lael Brainard and Kansas City Federal Reserve Bank President Esther George took to the airwaves to say that the Fed would be reducing its $8+ trillion balance sheet very soon.

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World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S.

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Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

Target Chief Marketing and Digital Officer Rick Gomez said, per the report, “We are seeing a benefit in building our guest base.” 19 in five cities: Kansas City, Phoenix, Denver, Indianapolis and Charlotte, North Carolina. (The offering does not require a person to have a Target credit card or pay a membership fee.)

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. area, Philadelphia and Boston.

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For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

Russia’s invasion and policy responses affecting trade sent global commodity markets into turmoil, given those countries’ production and export of wheat, corn, oil, and natural gas. The Kansas City Fed reported in May that wheat and corn prices were 60% and 30% higher, respectively, than a year earlier at the end of the first quarter.

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This week’s podcast episode: A close look at open banking and the role of data aggregators, with special guests Julian Alcazar, Payments Specialist, Federal Reserve Bank of Kansas City, and Adam Maarec, Senior Director and Associate General Counsel, Capital One

CFPB Monitor

After reviewing the roles of data aggregators and other key players in the data aggregation market, we discuss the implications of the transition from screen scraping to application programming interfaces (API), how aggregators can enhance consumer financial services, and the risks associated with data aggregators.

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Building The Tire Shop Of The Future With On-Demand Service

PYMNTS

The company services the two metroplexes of Kansas City and Dallas. Both cities are relatively spread out, so people have longer commute times. Komal noted that the company will be diving deep into each market and increasing market share by that time.