The Bank of England (BoE) has raised its bank rate by 0.25 percentage points to 4.5%, in a move to mitigate persistent inflationary pressures, according to the Monetary Policy Committee's (MPC) report published on May 10, 2023.
The April Consumer Price Index (CPI) report, released by the U.S. Bureau of Labor Statistics, reveals a 0.4% monthly increase and a 4.9% yearly rise in the cost of goods and services for all urban consumers.
The U.S. Bureau of Labor Statistics (BLS) reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in April on a seasonally adjusted basis, following a 0.1 percent increase in March.
Federal Reserve Chair, Jerome Powell, declared on May 3 that the central bank has increased its policy interest rate by 0.25% to address escalating inflation and promote economic stability.
The US Department of the Treasury has revealed its current estimates for privately-held net marketable borrowing for Q2 (April-June) and Q3 (July-September) 2023.
According to the US Treasury Department's economic statement on May 1, 2023, the American economy demonstrated continued resilience in the first quarter of 2023.
The Congressional Budget Office (CBO) has expressed concern over a significantly greater risk of the US Treasury running out of funds in early June due to lower-than-expected tax receipts through April.
A new report from the U.S. Bureau of Labor Statistics (BLS) shows that 62.0% of high school graduates aged 16 to 24 were enrolled in colleges or universities in October 2022, similar to the rate in the previous year.
The European Central Bank (ECB) has announced a 25 basis point increase in its three key interest rates, bringing the rates on the main refinancing operations, marginal lending facility, and deposit facility to 3.75%, 4.00%, and 3.25%, respectively.
The US Bureau of Labor Statistics (BLS) reported that the private sector experienced a net employment gain of 1.3 million jobs in the third quarter of 2022.
Following its May 2-3 meeting, the Federal Reserve announced that it has raised the target range for the federal funds rate to 5 to 5-1/4 percent, in response to the modest economic growth observed in the first quarter.
In 2022, labor productivity declines were observed across the manufacturing sector, with 66 out of 86 four-digit NAICS industries experiencing a drop, according to the U.S. Bureau of Labor Statistics.
The U.S. Bureau of Labor Statistics (BLS) reported that compensation costs for civilian workers increased by 1.2% for the three-month period ending in March 2023.
US Treasury Secretary Janet L. Yellen has sent a letter to Congressional leaders urging them to act swiftly to raise or suspend the debt limit, warning that the Treasury's ability to finance government operations may be exhausted by early June.
The Federal Deposit Insurance Corporation (FDIC) has released a report titled "Options for Deposit Insurance Reform," which presents a comprehensive overview of the deposit insurance system and possible reforms in light of recent bank failures.