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๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Federal Reserve Board announces annual indexing of reserve requirement exemption amount and low reserve tranche for 2023. To be set at $36.1 million, up from $32.4 million in 2022, and the low reserve tranche will be set at $691.7 m

Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221129a1.pdf The Federal Reserve announced the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2023. The annual indexation and publication of these amounts are required by law and does not indicate a change in depository
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! November 1-2 Minutes of the Federal Open Market Committee (FOMC).

Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20221102.htm Committee Ethics Discussion The Chair began with a discussion of ethical standards and acknowledged the great privilege and heavy responsibility that come with being entrusted to make policy decisions. There was agreement that the Federal Reserve can be effective only when there
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Kansas City Federal Reserve Bank President Esther George: โ€œWhile high savings is likely to provide momentum to consumption and require higher interest rates,โ€

Source: https://www.bnnbloomberg.ca/fed-s-george-says-higher-us-savings-may-also-mean-higher-rates-needed-1.1849990 Inflation Alert! Kansas City Federal Reserve Bank President Esther George: โ€œWhile high savings is likely to provide momentum to consumption and require higher interest rates,โ€ โ€œBut that said, reduced inflation will mean we have to incent saving over consumption.
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! San Francisco Fed President Mary Daly speech at the Orange County Business Council: "But the truth about policy is we have to slow the economy to bring inflation down. This is why central banking is fairly unpopular."

San Francisco Fed President Mary Daly speech at the Orange County Business Council: "But the truth about policy is we have to slow the economy to bring inflation down. This is why central banking is fairly unpopular." "we have a lot of work to do". Source:
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics