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International travel: December 2023
Annual arrivals: Overseas visitor arrivals were 2.96 million in the December 2023 year, increasing by 1.52 million from the December 2022 year. The biggest changes were in arrivals from: • Australia (up 429,000 to 1.26 million) • United States (up 227,000 to 337,000) • China (up 134,000 to 151,000) • United Kingdom (up 79,000 to 167,000) • India (up 64,000 to 84,000). New Zealand-resident traveller arrivals were 2.68 million in the December 2023 year, increasing by 1.36 million from the December 2022 year. The biggest changes were in arrivals from: • Australia (up 474,000 to 1.03 million) • United ... (full story)
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post: FED'S BARR: THE JANUARY DATA WAS STRONGER THAN EXPECTED FOR BOTH JOBS AND INFLATION. THE FED IS LOOKING AT TOTALITY OF THE NUMBERS. post: BARR: LACK OF HISTORICAL PARALLELS MAKES CURRENT MONETARY POLICY DECISIONS "DIFFICULT" #News #Markets #live post: FED'S BARR: THE DATA SUGGEST THAT THE FED IS ON A GOOD PATH, BUT IT'S STILL EARLY TO SAY THERE WILL BE A SOFT LANDING.
The dollar slid from a fresh three-month high against a major currency basket on Wednesday, as investors consolidated gains following the previous session's hotter-than-expected ...
Thank you for having me here today. After having had to miss this conference last year, I greatly appreciate the opportunity to join you. As you might expect, I was a little busy in March 2023, and I will share some thoughts on lessons learned from the stress in the banking system at that time, in particular what we have learned in terms of liquidity risk management.1 But first, I will start by discussing recent economic developments and the implications for monetary policy. I will then turn to the banking sector and will focus on some topics that lie at the intersection of the composition of the Fed's balance sheet, market functioning, bank liquidity risk management, and the Fed's role in liquidity provision. Starting with economic developments, I think it is helpful to reflect on how surprised most watchers of the economy were by developments in 2023, me included. Perhaps like many of you, at the start of 2023 I had projected that tighter monetary policy would cause a slowdown in both inflation and economic activity. Then, with the March 2023 banking stress, I was concerned that a potential credit contraction could further weaken the economy. At the same time, I also worried that inflation might remain elevated, even if we had weaker economic activity, as supply chain problems and job-matching challenges continued to be prominent elements of the pandemic's disruption to the operation of our economy. I am glad to say that those worries did not come to pass, in part due to the official sector response to the banking stress, sound monetary policy, and a healing economy. Economic activity expanded at a solid pace, the labor market remained strong, and inflation came down significantly. post: Fed Barr: FOMC ‘Confident’ It’s on Path to 2% Inflation Barr: Need to See Continued Good Data Before Beginning Rate Cuts Barr: Fully Support ‘Careful’ Approach to Policy Normalization Barr: Jan CPI Report a Reminder That Path to 2% Inflation May Be Bumpy
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Senate, Economics Legislation Committee (Senate Estimates) Thu, 15 Feb 2024
post: RESERVE BANK OF AUSTRALIA GOV BULLOCK: IN GOOD POSITION TO GET INFLATION DOWN IN REASONABLE AMOUNT OF TIME #News #Markets #AUSTRALIA #INFLATION #live post: RBA’s Gov Bullock: Global Economy Held Up Better Than Initially Expected - Had Been Worries About Hard-Landings, Recessions
Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation data for a few months would still be consistent with a path back to the central bank’s 2% ...
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- Posted: Feb 14, 2024 4:46pm
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