Consumer confidence falls to six-month low
The top-line confidence level fell to 102.3 from an upwardly revised 103.7, the Conference Board reported on Tuesday.
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Have consumers maxed out their spending?
As consumer liquidity begins to dwindle, middle market businesses in the consumer products industry need adaptable tools to ensure profitability.
Biden team makes cybersecurity a priority for government
The Biden administration has adopted a proactive approach to cybersecurity, but companies must monitor increased regulation.
Jobless claims drop as fraud claims are resolved
New filings for jobless benefits fell last week to 242,000 from 264,000, a sharp 8.3% drop, in part because of the resolution of fraudulent claims in Massachusetts.
Nonprofits may benefit from proposed legislation
The Nonprofit SEAT Act would strengthen the relationship between the nonprofit sector and the federal government, providing nonprofits a seat at the table of federal policymaking.
Fed hikes rate a quarter point while creating framework for a pause
The 25 basis-point increase was accompanied by changes in the Federal Open Market Committee’s statement that imply a possible pause at the Fed’s next meeting in June with a bias toward more tightening should inflation prove sticky.
Job openings fell in March as the labor market softened
Job openings fell to 9.6 million in March from almost 10 million in February, a clear sign that the labor market is softening as the economy slows down.
U.S. growth slows to 1.1% as businesses pull back
Growth in the first quarter expanded at a 1.1% annualized pace and by 1.6% on a year-ago basis as a modest inventory correction and a large pullback in business investment—a net drag of 2.34%—offset the robust 3.7% increase in overall household consumption.
Interest rates pose challenges for builders, but opportunities are on the horizon
Residential construction sees a favorable long-term outlook despite ongoing challenges affecting the housing market.
Hiring cools in March as fears of a wage price spiral ease
The U.S. March employment report indicated that total jobs increased by 236,000, illustrating that hiring remains strong, albeit at a slower pace.
Job openings and factory orders soften amid recession concerns
Job openings and factory orders came in lower than expected on Tuesday, continuing to show signs of softening economic demand that should work in the Federal Reserve’s favor in fighting inflation.
The impact of expectations for Fed policy on the money and bond markets
Prices in the money market now suggest increased levels of risk being priced into short-term lending and the tightening of overall financial conditions that was missing until the collapse of Silicon Valley Bank and Credit Suisse.
Catch-25: Fed hikes rates amid financial stability risk
The Federal Reserve finds itself as it lifted its policy rate by 25 basis points on Wednesday amid a quickly evolving global banking crisis.
The great deposit migration and emergency borrowing at the Fed discount window
In the past week alone, the Federal Reserve's loans outstanding to the financial system have ballooned to about $318 billion, up from $15 billion a week ago.
Bank Term Funding Program: Government response to the banking crisis
The Bank Term Funding Program gives small and midsize banks the chance to shore up their liquidity.
Initial jobless claims spike to highest level since December
New claims for jobless benefits last week came in hotter than expected at 211,000, significantly higher than the 190,000 of the previous week.