In its "Economic Well-Being of U.S. Households in 2022” report, the Federal Reserve Board is shining a light on the impact of higher prices on American households, peeling back the covers on economic challenges faced in American households.
Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, highlighted the factors that shape the long-term outlook for the economy during remarks she recently at the Central Banking Series in Dublin.
Treasury Secretary Janet Yellen wrote a letter to Congressional leaders on May 22, imploring legislators to raise the federal debt ceiling to avoid putting the U.S. into default on its obligations.
U.S. Treasury Secretary Janet Yellen recently addressed her speaking arrangement at the Independent Community Bankers of America (ICBA) 2023 Capital Summit in a tweet.
International Money Fund (IMF) First Deputy Managing Director Gita Gopinath spoke on the importance of fighting inflation at the Annual Conference of the Central Bank of Brazil/Banco Central Do Brasil (BCB), according to an article.
In a move that has created ripples across financial circles, former Coinbase Chief Technology Officer, Balaji Srinivasan, has taken a million-dollar step to draw attention to what he believes is a looming financial crisis.
The International Monetary Fund (IMF) has released its May 2023 Regional Economic Outlook for the Middle East and North Africa (MENA) region and finds a resilient economy in the regions.
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.