How will the Federal Reserve crack down on cryptocurrencies? Fed Vice Chair Michael S. Barr will appear at a PIIE event to talk cryptos. Here is the link to the video:
Money
Yield curve – chief recession indicator – inverts 108 basis points following Jerome Powell hearing
One of the chief recession indicators plummeted to triple-digit negative territory in the middle of the trading week. The popular spread between the two- and ten-year Treasury yields declined to -108 basis points on Wednesday, the lowest level since September 1981. The two-year yield climbed above five percent, while the ten-year yield was below 3.97 […]
Atlanta Fed Bank GDPNow estimate revised lower to 2% in first quarter
The Federal Reserve Bank of Atlanta’s GDPNow model estimate continues to be lowered. The regional central bank updated the real GDP growth rate to two percent, down from 2.3 percent in the previous projections. Here is what the Atlanta Fed Bank wrote: “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in […]
Gasoline prices beginning to creep higher again amid stronger demand, seasonal switch
Every time it seems that gasoline prices could be heading lower, they start creeping up. According to the American Automobile Association (AAA), gasoline prices are $3.405 per gallon nationwide, up from $3.365 a week ago. While this is lower by more than six cents a month ago, they are could test this level in the […]
Federal Reserve money supply falls nearly 2% for second straight month
How is the state of the U.S. money supply? The data continue to show that it is contracting. In fact, it has been on a downward trend since hitting a peak in February 2021. For the second consecutive month, the M2 money supply contracted by 1.8 percent in January, down from -1.05 percent. Here is […]