Browsing: Economy


The Federal Reserve Open Market Committee in its April 29 statement noted that economic growth slowed during the winter months, partly due to “transitory factors,” and that labor market conditions were largely unchanged since the last meeting.


Real GDP growth fell sharply in the third quarter, growing at a 0.2 percent seasonally adjusted annual rate according to the Bureau of Economic Analysis’s advance estimate.


The Consumer Price Index rose 0.2 percent in March on a seasonally adjusted basis, driven by increases in energy and shelter. Over the last 12 months, the CPI declined 0.1 percent before seasonal adjustment.

Compliance and Risk

ABA President and CEO Frank Keating offered perspective on a wide range of issues — from banking regulation, interest rate increases and the low labor force participation rate to the Meerkat app and presidential politics — in interviews with New York City media outlets yesterday.

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