US Consumers More Optimistic about Their Financial Situation and Credit Access
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the January 2024 Survey of Consumer Expectations, which shows improvements in households’ perceptions and expectations of their financial conditions and credit availability. Inflation expectations remained unchanged at the short- and longer-term horizons and declined slightly at the medium-term horizon. Labor market expectations were mixed. The main findings from the January 2024 Survey are: Inflation • Median inflation expectations remained unchanged at the one- and five-year ahead horizons in January, at 3.0% and 2.5%, ... (full story)
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Gold prices have held above $2,000/oz, with the precious metal being supported by safe-haven demand amid geopolitical tensions. Ongoing geopolitical risk in Ukraine and the Middle ...
Gold prices are modestly down and silver prices solidly up in early U.S. trading Monday. Gold is feeling the pressure from bearish daily outside markets that include a slightly ...
post: <=USD>:*BOWMAN: TOO SOON TO PROJECT WHEN, HOW MUCH FED WILL CUT RATES *BOWMAN: DON'T SEE CUTS AS APPROPRIATE IN 'IMMEDIATE FUTURE' ?*BOWMAN SAYS MANY RISKS REMAIN FOR FED'S INFLATION FIGHT post: FED'S BOWMAN: THE PRESENT FED POLICY RATE IS IN THE RIGHT PLACE.
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Mexican President Andrés Manuel López Obrador proposed to modify Article 27 to prohibit open-pit mining, as part of a range of constitutional reforms presented before parliament, ...
It’s an enormous pleasure to be here at Loughborough University this evening. I can give you three reasons for this, it’s not just the polite thing to say at the beginning of a lecture. In order of importance, I am going to start with David Llewellyn. David is very modest, you have to search quite hard to find out that he has been Professor of Money and Banking here since 1978. To say the least, that is impressive. David has been a leader in the field throughout that time. He has had many students, and he has provided the Bank of England with many of our excellent staff. As well as a big thank you, David, I think we must start planning your 50th. The second reason for the pleasure this evening is to continue a tradition of Bank Governors giving lectures here at Loughborough. Robin Leigh-Pemberton did so in 1986, and Eddie George ten years later in 1996. The gap has been 28 years this time, but I can lay claim to a bit of continuity because in 1996 I was Eddie’s Private Secretary, and I had a bit of a hand in writing that lecture. The third reason for the pleasure is that I am a native of Leicestershire, Leicester itself to be precise. And, I have good memories of visiting Loughborough. One particular post: BOE GOV. BAILEY: I EXPECT BANKS TO HOLD LARGER RESERVES AT THE BOE THAN WAS THE CASE BEFORE THE FINANCIAL CRISIS. post: BOE GOV. BAILEY: BANKS SHOULD USE BOE LIQUIDITY MORE EXTENSIVELY.