Federal Reserve Gov. Christopher Waller said he was surprised by weak hiring and high inflation readings in April, but he joined a chorus of senior central bank officials who say the the economy still needs lots of help.
Shares of Ventas Inc. surged Thursday, after KeyBanc Capital analyst Jordan Sadler swung to bullish from bearish, citing the “convincing turn in fundamentals” in the company’s senior housing portfolio.
Some of the largest U.S. banks plan to start sharing data on customers’ deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.