Browsing: Economy

Economy

Global inflation should ease in 2023 and 2024 as economic growth falls below historical averages, the International Monetary Fund said this week in an update to its World Economic Outlook report.

Economy

Bank economists expect credit conditions to soften over the next six months as the economy slows and the Federal Reserve considers additional steps to rein in inflation, according to the Credit Conditions Index released this week by ABA’s Economic Advisory Committee.

Economy

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

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.

Economy

Corporate CEOs remained optimistic but grew more concerned about the U.S. economy in the third quarter of 2022, with a larger share of top executives saying their companies planned to cut capital spending and new hires in the next six months, according to Business Roundtable’s Q3 CEO Economic Outlook Index released today.

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