Browsing: Economy

Economy Fed: Economic well-being declined amid high inflation

Self-reported financial well-being was at the lowest levels observed in nearly a decade, with inflation having negatively affected most households, according to the Federal Reserve’s latest Economic Well-Being of U.S. Households report

Economy

Annual inflation fell for the ninth consecutive month in March, dropping from 6.0% in February to 5.0% in March. It is now at its lowest level since May 2021. Shelter costs, a lagging indicator, continued to rise but were offset by deflation in energy prices (not shown) and some moderate disinflation in food prices. However, annual core CPI inflation (excl. food and energy) ticked up from 5.5% last month to 5.6% in March.

Economy Report: Banks remain stable amid economic turbulence

Financial conditions have tightened since June 2022 and are significantly tighter than a year ago, and while banks have seen some slowdown in revenue growth, the sector remains strong overall, the Federal Reserve said this week in its semiannual Monetary Policy Report to Congress.

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