US consumers' expectations about the path of inflation were mixed in December, while concerns about household solvency intensified markedly, according to a survey released on Monday by the New York Fed.
Wall Street banks will have the opportunity to comment on a series of adjustments to the Federal Reserve's annual bank stress testing, the Federal Reserve said on Monday. The Fed said it will seek public comment on the model used to determine hypothetical losses and income for banks in stress situations. The reform proposals also include averaging the results of the two-year test to reduce the year-to-year changes in capital requirements caused by stress testing. "These proposed adjustments will...
The tight U.S. labor market is still increasing inflationary pressures, albeit to a lesser extent than in 2022 and 2023, according to research published Monday by the San Francisco Fed. "Declining demand for labor has depressed inflation by nearly 0.75 percentage points over the past two years," wrote San Francisco Fed economists Regis Barnichon and Adam Hale Shapiro. "However, high demand is still contributing 0.3 to 0.4 percentage points to inflation through September 2024." The San Francisco ...