In the aftermath of the liquidity-related bank failures in March 2023, regulatory agencies and leaders have released numerous updates on supervisory expectations and calls for additional regulation.
The inflation shock of the past three years is abating. One reason is that expectations of future inflation continue to remain remarkably well anchored.
Just as inflation appeared to be getting under control in recent months, rising tensions in the Middle East have shaken this view and now represent the major risk to our economic and inflation outlooks.
Using a back-of-the-envelope calculation, we estimate that the sharp rebound in equities last year contributed to an increase of roughly $900 billion in households' stock wealth, or $288 billion in consumer spending.
The Federal Reserve's closely watched measure of inflation, the personal consumption expenditures index, continued to show strength in January, rising by 0.3%
IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.