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How big that cut will be remains to be seen, but it is widely expected to target a 0.25% reduction from its current 5.3% level. The economy continues to send mixed signals.
Each report is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in its district from "Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources." [3] It is called the Beige Book because its cover is colored beige.
Though the job losses have slowed from the mid-2000s, when Michigan lost around 300,000 manufacturing jobs, current economic conditions are hampering the industry. High interest rates keep ...
Financial markets expect the Fed to cut its policy rate by a quarter of a percentage point from the current 4.50%-4.75% range at its Dec. 17-18 meeting, as it seeks to adjust the stance of policy ...
The Sahm Rule, developed by economist Claudia Sahm, says that the US economy has entered a recession if the three-month average of the national unemployment rate has risen 0.5% or more from the ...
The index of current economic conditions from the University of Michigan's Surveys of Consumers has stayed stubbornly low throughout the pandemic recovery. Kurt Reiman, a cohead of ElectionWatch ...
The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable.
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