Economics Search Engine

aier.org —  2+ hour, 15+ min ago

...Advanced estimates from the Bureau of Economic Analysis suggest real GDP fell for a second straight quarter in 2022. At the same time, the Consumer Price Index (CPI) reached a forty-year high in June.... ...As the Volcker Fed consistently slowed the rate of growth of currency in response to rising inflation, low and stable inflation became the norm. By the early 1990s, inflation expectations became firmly anchored under Alan Greenspan who followed a similar countercyclical program....

aier.org —  3+ hour, 15+ min ago

...For decades, Congress has done little more than complicate the tax code which, to this day, punishes success in a variety of ways. During this time, many politicians have consistently demagogued corporations, treating them as little more than a new source of tax revenue.... ...The Securities and Exchange Commission has even proposed new disclosure requirements for buybacks, ostensibly to "modernize and improve disclosure about repurchases of an issuer's equity securities."....

aier.org —  23+ hour, 12+ min ago

...Sales fell 9.5 percent in the West, 5.5 percent in the South, the largest region by volume, 5.4 percent in the Northeast, the smallest region by volume, and 2.6 percent in the Midwest....

aier.org —  23+ hour, 20+ min ago

...However, continued elevated rates of price increases, an aggressive Fed tightening cycle, and fallout from the Russian invasion of Ukraine represent risks to the economic outlook....

aier.org —  1+ day ago

...Grace Hopper, a pioneering computer scientist and Navy rear admiral once said, "One accurate measurement is worth a thousand expert opinions," which extended W. Edward Deming's "Without data, you're just another person with an opinion."... ...Sterling Burnett's recent Climate Change Weekly #442 for the Heartland Institute, reporting on the work of Anthony Watts, which showed the "U.S. Surface Station Network is Fatally Flawed."...

federalreserve.gov —  1+ day ago

...Minutes of the Federal Open Market Committee, July 26 --27, 2022. For release at 2:00 p.m. The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 26 --27, 2022....

federalreserve.gov —  2+ day ago

...Federal Reserve Board provides additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities. For release at 2:30 p.m.... ...The Board, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation previously released an interagency statement regarding their crypto-asset policy initiative last year. For media inquiries, please email email protected or call 202-452-2955....

aier.org —  2+ day ago

..."I just want to say a number: zero," Biden said in the White House East Room…"Today, we received news that our economy had 0 percent inflation in the month of July -- 0 percent," Biden said.... ...To consider the actual contours of the trumpeted "zero percent" change, below are the largest June to July 2022 decreases in price among CPI constituents according to the Bureau of Labor Statistics....

federalreserve.gov —  2+ day ago

...The Federal Reserve Board on Tuesday announced that it has fined EagleBank, of Bethesda, Maryland, $9.5 million for violation of the Board's insider lending regulation. The bank improperly extended credit to entities owned or controlled by its then-CEO and Chairman, Ronald D.... ...In conjunction with these actions by the Board, the U.S. Securities and Exchange Commission today announced its own settlement of actions against Paul and EagleBank's holding company, Eagle Bancorp, Inc....

aier.org —  3+ day, 55+ min ago

...Meanwhile, the National Association of Home Builders" Housing Market Index, a measure of homebuilder sentiment, fell again in August, coming in at 49 versus 55 in July. That is the eighth consecutive drop and the first month below the neutral 50 threshold since May 2020....