- Story Log
User | Time | Action Performed |
---|---|---|
-
Unemployment Insurance Weekly Claims
In the week ending March 2, the advance figure for seasonally adjusted initial claims was 217,000, unchanged from the previous week's revised level. The previous week's level was revised up by 2,000 from 215,000 to 217,000. The 4-week moving average was 212,250, a decrease of 750 from the previous week's revised average. The previous week's average was revised up by 500 from 212,500 to 213,000. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending February 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment ... (full story)
- Comments
- Subscribe
-
- Older Stories
Nonfarm business sector labor productivity increased 3.2 percent in the fourth quarter of 2023, the U.S. Bureau of Labor Statistics reported today, as output increased 3.5 percent ...
Month over month, the total value of building permits in Canada rose 13.5% in January to $10.8 billion, rebounding after a decrease of 11.5% in December. The residential sector ...
In January, Canada's merchandise imports decreased 3.8%, while exports fell 1.7%. As a result, Canada's merchandise trade balance changed position for a second consecutive month, ...
-
- Newer Stories
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to ...
post: ECB’s Lagarde: Economy Remains Weak ECB’s Lagarde: Surveys Point to a Pick-Up This Year ECB’s Lagarde: Impact of Past Increases Will Gradually Fade post: ECB’s Lagarde: Inflation To Decline To Target - Longer-Term Inflation Expectations Mostly Stand Around 2% - Risks To Economic Growth Remain Tilted To The Downside post: <EUR=>:?*LAGARDE: WE ARE ON DISINFLATIONARY PROCESS, MAKING PROGRESS *LAGARDE: NOT SUFFICIENTLY CONFIDENT ON INFLATION *LAGARDE: WE'LL KNOW A LITTLE MORE IN APRIL, A LOT MORE IN JUNE post: ECB’s Lagarde: Broad Agreement On Fact We'll Get More Info In June - Broad Agreement We Won't Change View On Single Data Point - Data Directionally Good But Not Strong Or Durable Enough - Unanimous Decision post: ECB’s Lagarde: We Will Not Wait Until We Are At 2%
I would like to thank the New Jersey Bankers Association for the invitation to share my thoughts with you today.1 While I welcome the opportunity to share my thoughts about monetary policy, the economy, and the path of regulatory reform, I find it even more valuable to hear your views on local banking and economic conditions in the communities you serve, and your perspectives on trends in bank regulation and supervision. These conversations provide valuable insights to inform my work at the Federal Reserve—both for my understanding of the economy and the banking environment. Before discussing bank regulation, I would like to briefly touch on the economy and monetary policy. Monetary Policy Over the past two years, the Federal Open Market Committee (FOMC) has significantly tightened the stance of monetary policy to address high inflation. At our most recent meeting in January, we voted to continue to hold the federal funds rate target range at 5-1/4 to 5-1/2 percent and to continue to reduce the Federal Reserve's securities holdings. We have seen continued progress on inflation over the past year, with the 12-month readings through January of total and core personal consumption expenditures (PCE) inflation moving down to 2.4 percent and 2.8 percent, respectively, both at the lowest rates we have seen since early 2021. Although inflation declined over the second half of 2023, the January inflation data suggest that progress in bringing inflation down further may be sl post: ? FED GOVERNOR BOWMAN: "NOT YET" READY FOR RATE CUTS, WILLING TO HIKE AGAIN IF NEEDED post: Fed’s Bowman: January Inflation Data Suggests Progress In Lowering Inflation Further May Be Slower Going Forward - Latest Employment Data Shows A Continued Tight Job Market - Current Policy Stance Is Restrictive, Appears 'Appropriately Calibrated' To Reduce Inflation
- Story Stats
- Posted: Mar 7, 2024 8:40am
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 3,613
- Linked event: