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Calls for the creation of a government weather bureau began as early as 1844, when the electrical telegraph was introduced. In 1869, Cleveland Abbe, then director of the Cincinnati Observatory, began developing and issuing public weather forecasts (which he called "probabilities") using daily weather observations collected simultaneously and sent via telegraph by a network of observers.
The outlooks issued are for Day 1, Day 2, and Days 3–8. The Day 1 product is issued at 4:00 a.m. Central Time and is updated at 1700Z, and is valid from 1200Z to 1200Z the following day. The Day 2 outlook is issued at 1000Z and is updated at 2000Z for the forecast period of 1200Z to 1200Z the following day.
The State and Local Government Series (SLGS) is issued to government entities below the federal level which have excess cash that was obtained through the sale of tax-exempt bonds. The federal tax code generally forbids investment of this cash in securities that offer a higher yield than the original bond, but SLGS securities are exempt from ...
The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.
Baseline budgeting is an accounting method the United States Federal Government uses to develop a budget for future years. Baseline budgeting uses current spending levels as the "baseline" for establishing future funding requirements and assumes future budgets will equal the current budget times the inflation rate times the population growth rate. [1]
The U.S. Federal Reserve Board of Governors members also give speeches, provide testimony, and issue reports throughout the year that cover the economic outlook. [15] [16] Regional Federal Reserve Banks, such as the St Louis Federal Reserve Bank also provide forecasts. [17]
(Reuters) -The U.S. Federal Reserve may have just ducked out of the presidential campaign spotlight with a fresh set of forecasts showing no interest rate cuts are likely until after Election Day.
The Federal Reserve held interest rates at a 23-year high Wednesday while scaling back its estimate of rate cuts this year to one. Federal Reserve holds interest rates steady, lowers forecast to 1 ...