Fed approves highest rate hike in 28 years
In a move to slow the specter of inflation, the Federal Reserve today increased the target range for the federal funds...
Economy
Home builder confidence continues to fall in June
The National Association of Home Builders/Wells Fargo Housing Market Index decreased two points to 67 in June. This is the...
Retail sales decrease in May
There were $672.9 billion in retail and food service sales in May, a decrease of 0.3% from the previous month,...
Producer prices rose 0.8% in May
The Producer Price Index for final demand increased 0.8% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported...
The NFIB Small Business Optimism Index fell 0.1 point in May
The NFIB Small Business Optimism Index fell 0.1 point in May, measuring 93.1. A seasonally adjusted net 26.0% of owners...
Survey: Consumers worried about continued Fed rate hikes
The cost of existing credit card debt continues to rise as the Federal Reserve has increased interest rates this year—so...
N.Y. Fed: Household spending expectations rise in May
Americans’ expectations for how much more they will spend in the next year increased sharply to 9% in May from...
Fortress Russia: Understanding Putin’s efforts to sanction-proof his economy
Russia’s efforts to disengage with the global economy and isolate itself may have helped minimize the initial shock from the...
Basel officials warn of ‘unrealistic’ expectations for banks in green transition
Top economic and regulatory officials at the Basel, Switzerland Bank for International Settlements emphasized the limits of the financial industry’s...
ABA Data Bank: Credit market conditions expected to weaken in months ahead amid high inflation
While the consumer and business credit markets remain on generally solid footing, the chief economists of North America's largest banks...
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