FOMC pauses rate hikes, says more increases likely coming
The Federal Open Market Committee announced it would leave the target range for the federal funds rate at 5% to...
Economy
New perspective on climate-related financial risk
Statements and research from the Fed may undermine the case for the SEC’s approach to climate risk disclosures.
WalletHub survey: Most Americans unprepared for recession
More than half of Americans (56%) say they are not financially prepared for a recession, while 40% remained concerned about...
339,000 jobs added in May, unemployment rate at 3.7%
Total nonfarm payroll employment rose by 339,000 in May, and the unemployment rate changed little at 3.7%. Job growth was...
ISM Manufacturing expands in April
The U.S. manufacturing sector expanded in April, Manufacturing PMI® registered 46.9%, 0.2 percentage point lower than the 47.1% recorded in...
Construction spending increases in April
Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2% above the revised...
New orders for manufactured durable goods increased in April
New orders for manufactured durable goods in April, up two consecutive months, 1.1% to $283.0 billion, the U.S. Census Bureau...
First quarter GDP (Second Estimate) grows 1.3%
Real GDP increased at a seasonally adjusted annual rate of 1.3% during the first quarter of 2023, according to the...
Debt ceiling deal clears Senate
The Senate voted 63-36 in favor of an agreement to raise the debt ceiling. The legislation now heads to President...
Report finds MDIs key to closing racial wealth gap
Assets at minority depository institutions grew from $246 billion in 2010 to $329 billion in 2022, with a significant amount...
