With the Omicron variant adding to the already high levels of uncertainty, the OECD in December raised its 2022 inflation forecast for the G20 to 4.4%, up from a September forecast of 3.9%.
New orders for manufactured goods in October, up seventeen of the last eighteen months, increased…
The ISM Services Index registered 69.1% in November; 2.4 percentage points higher than the October…
Total nonfarm payroll employment rose by 210,000 in November, according to the Bureau of Labor…
Economic activity grew at a moderate pace from early October to mid-November, but some parts of the country reported constrained growth, despite strong demand due to supply chain disruptions and labor shortages, according to the Federal Reserve’s eighth Beige Book release of the year.
The ISM Manufacturing Index registered 61.1 points in November, 0.3 percentage point higher than the…
Construction spending was at a seasonally adjusted annual rate of $1,598.0 billion in October, 0.2%…
The non-farm private sector gained 534,000 jobs in November, according to the ADP National Employment…
FDIC-insured banks and savings institutions earned $69.5 billion in the third quarter of 2021, a 35.9% increase from a year before, the FDIC reported today in its Quarterly Banking Profile.
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and that while “there are some issues to address in the capital markets, I wouldn’t say they rise to the level of grave systemic importance.” He did flag cyber risk as a key threat to financial stability.