Local banks say businesses are still taking out loans, despite elevated interest rates. In some cases, that's because they don't want to wait for rates to fall.
The One Big, Beautiful Bill Act zeroes out the fines the federal government charged automakers for violating fuel efficiency standards. That could change the kinds of vehicles carmakers build, at least in the short term.
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.