Fed offers mixed look on Memphis economy
According to the Fed, overall labor market conditions remain tight, with contacts across the Eighth District reporting that workers remain scarce.
There are 14 article(s) tagged Federal Reserve Bank of St. Louis:
According to the Fed, overall labor market conditions remain tight, with contacts across the Eighth District reporting that workers remain scarce.
Even with Memphis’ continued job growth, new headwinds emerged with the perhaps the most notable headwind today being high inflation, which has reached levels not seen for 40 years.
“... women of color on average possess significantly less wealth than white men and women alike, the St. Louis Fed analysis finds.”
With April recognized as Financial Literacy Month, now is the time to elevate its importance and prepare young people for their financial futures. This is not a monthlong effort. It’s a lifelong effort.
President of the St. Louis Federal Reserve believes the incentives are strong on both sides of the aisle in Congress to come to a deal on additional stimulus.
Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis.
Federal Reserve economist Kevin Kliesen says pace of recovery will depend on the speed restrictions are lifted and "the willingness of individuals to resume normal life."
It’s not necessary to tell kids how much you make, but you can explain how you work to earn an income, how circumstances might change the amount you earn, and how you have to make choices about how to spend that limited income.
Memphis economy continues to roll along slowly as the Phase One Trade Deal with China provides more optimism for business conditions down the road.
Four Memphians take their seat on the St. Louis Federal Reserve board and its Memphis Branch board of directors.
Julie Stackhouse will retire with 34 years of service, 17 of which have been at the St. Louis Fed.
Recent interest rate cuts haven't created the surge in economic activity many were hoping for, but local sources don't see further cuts anytime soon.
Lower interest-rate environment putting pressure on banks' net interest margin, Federal Reserve official notes.
It didn't open a vault, but the St. Louis Fed did put several community organizations much closer to funds for new initiatives on Tuesday.
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