Browsing: Economy

Economy Fed’s Brainard sees progress on inflation fight

Inflation has declined in recent months, but the Federal Open Market Committee will likely need to continue pursuing a restrictive policy stance to bring inflation back down to the committee’s 2% goal, Federal Reserve Vice Chair Lael Brainard said this week.

Economy New York Fed: Household spending expectations decline

U.S. households expected to spend less in December than they did a year ago, but spending expectations were still well above what they were immediately before the start of the pandemic, the Federal Reserve Bank of New York said this week in its quarterly Household Spending Survey.

Economy Government report finds increased risks to U.S. financial stability

Multiple factors have increased overall risks to U.S. financial stability over the past year, although the banking sector “remained well capitalized and maintained risk-based capital ratios well above regulatory minimums,” the Office of Financial Research said this week in its annual report to Congress.

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