Atlanta Fed’s Bostic: Monetary policy ‘appropriately restrictive’
The Federal Open Market Committee should be “cautious and patient” when it comes to further tightening of monetary policy or...
Economy
Second quarter GDP (Second Estimate) grows 2.1%
Real GDP increased at an annual rate of 2.1% in the second quarter of 2023, according to the “second” estimate...
Bank survey: Inflation adding to workers’ financial stress
Most U.S. employees say they have been negatively affected by inflation and worry about their finances while at work, according...
Powell says Fed committed to reaching 2% inflation target
While inflation has moved down from its peak, it remains too high and the Federal Open Market Committee is prepared...
Understanding the Fed’s weekly H.8 report
What the Federal Reserve's commercial bank balance sheet data can and can't tell us.
NFIB: Small business concern about bank health fades
Small-business owners’ concerns about the health of their bank have eased significantly in recent months, with more than half saying...
New home sales increased in July
New single‐family home sales increased to a seasonally adjusted annual rate of 714,000 in July, according to the U.S. Census...
Existing home sales decreased 2.2% in July
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million, according to the National Association...
New York Fed: Job seekers demanding higher starting wages
While the proportion of individuals seeking new jobs is down from a year ago, the average starting salary that job...
Industrial production rose 1.0% in July
Industrial production rose 1.0% in July after declining in the previous two months, according to the Federal Reserve. June’s reading...
