The full Senate has confirmed Governor Philip Jefferson to be the next Vice Chair of the Federal Reserve. As soon as he is sworn in, Jeffer will concurrently serve a four-year term as Vice Chair [...]
The September 4 week begins with the Labor Day observance on Monday. As a federal holiday, stock and bond markets will be closed. The holiday means some US Treasury announcements and auctions will see adjustments [...]
Now that Fed Chair Jerome Powell has delivered his speech at the Jackson Hole Symposium, Fedwatchers will set their expectations for the next FOMC meeting on September 19-20. Powell spoke about policymakers needing to be [...]
The economic data in the August 21 week will take a backseat to the annual Jackson Hole Symposium over the three days of August 24-26. This year’s topic is “Structural Shifts in the Global Economy”. [...]
In the August 14 week, there will be more economic data that will affect the outlook for Federal Reserve monetary policy, although there is much more to come before the September 19-20 FOMC meeting. With [...]
At the start of the third quarter 2023, the outlook for the cost-of-living-adjustment (COLA) for Social Security beneficiaries is for a modest increase in January 2024. Based on the CPI-W for July only, the year-over-year [...]
Yield curves are inverted across North America, much of Europe and parts of the Southern Hemisphere but investors are split over what happens next to the global economy. Is a downturn just around the [...]
The August 7 week is going to be a sleepy one for economic data with only two reports likely to wake up markets.With the July employment data out of the way, the focus for the [...]
The Kansas City Fed announces the appointment of Jeffrey R. Schmid as its next president and CEO as of August 21. Schmid takes over from Esther George who retired in January and will fill the [...]
The Fed’s Senior Loan Officer Opinion Survey for July is consistent with tighter financial conditions in the second quarter 2023. Loan officers report tighter standards for lending and weaker demand for commercial and industrial loans [...]
