Revised data from the Bureau of Economic Analysis show the U.S. economy grew at a 1.4 percent annualized pace in the first quarter. That estimate compares to a 1.2 percent estimate last month and an original estimate of 0.7 percent released in April. T …
READ MOREFar too much uncertainty about the future exists to learn much of anything from current swings in Bitcoin’s price.
READ MOREAIER’s Summer Fellowship Program, started in 1946, continues to attract high-caliber students from prestigious colleges and universities across the United States.
READ MOREThe Chicago Fed National Activity Index (CFNAI) registered a -0.26 reading in May, down from +0.57 in April. The index is a composite of 85 different economic data series divided up into four groups. It is designed so that a reading of zero indicates e …
READ MOREWhen you hand someone a dollar bill, gold coin, or bushel of wheat, the transaction doesn’t require much effort to execute. The seller holds a physical object, and apart from counterfeiting, knows that he or she has been paid. When you pay someone by c …
READ MOREA day after the National Association of Realtors reported a 2.7 percent rise in existing-home sales for the year through May, the Office of Federal Housing Enterprise Oversight, a division of the Federal Housing Finance Agency, reported a 6.8 percent i …
READ MOREExisting-home sales rose a modest 1.1 percent in May, held back by a tight supply of available existing homes for sale. Compared to a year ago, existing-home sales were up 2.7 percent. The inventory of homes for sale rose 2.1 percent to 1.96 million, p …
READ MOREBlockchain technology could revolutionize the way food supply chains work.
READ MOREWhen the housing bubble burst in 2007 shortcomings were revealed in the risk-management practices of many financial institutions. During the Great Recession, the Financial Conditions Leverage Index reached the highest level since the 1970s. Financial i …
READ MORESome interesting reading from this week: A Firm Hand of Repression: The Espionage Act Turns 100, Damon Root, Reason The Impetus for GSE Reform, Ike Brannon, Cato Institute What if Taxpayers Could Choose if Taxes Went to the State or Federal Level?, Rya …
READ MOREThe Fed raised the target range for the federal funds rate by a quarter point yesterday to 1.0 − 1.25 percent, the fourth rate increase in the current business cycle and the second increase of 2017. The Fed also updated its Summary Economic Projections …
READ MOREOn the day the Federal Reserve is expected to raise the target for the federal funds rate for the second time this year, key economic reports have posted declines showing broad weakness. Retail sales and the Consumer Price Index fell 0.3 percent and 0.1 percent, respectively, suggesting that despite a strong labor market and monetary policy that is still extraordinarily supportive, neither economic growth nor consumer price increases are accelerating sharply.
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