Latest

Inflation Alert! The New York Fed released the December 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline in the short term and were unchanged over the medium term.

Source: https://www.newyorkfed.org/newsevents/news/research/2023/20230109 Wut mean? Median one-year-ahead inflation expectations declined to 5.0 percent Medium-term expectations remained at 3.0 percent Five-year-ahead measure increased to 2.4 percent Reminder, these are all above the Fed's target rate of 2% inflation... The
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Federal Reserve Governor Lisa Cook in speech: 'Inflation remains far too high, despite some encouraging signs lately, and is therefore of great concern.'

'inflation could become a nonstationary time-series process if inflation expectations were to become de-anchored.' Source: https://www.federalreserve.gov/newsevents/speech/cook20230106a.htm I am particularly pleased to be here today for multiple reasons. I think most of us feel some nostalgic pull to these meetings, though I
dismal-jellyfish ๐Ÿ“ฐ News

Federal Reserve, FDIC, and Office of the Comptroller Alert! Joint Statement on Crypto-Asset Risks to Banking Organizations

Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23001.html Summary: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the agencies) are issuing a joint statement on crypto-asset risks to banking organizations. Statement of
dismal-jellyfish ๐Ÿ“ฐ News