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74 Results found for bureau of economic analysis

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Discover the real cost of living in North Carolina for renters. Explore housing expenses, utilities, and budgeting tips.
Discover the real cost of living in North Carolina for renters. Explore housing expenses, utilities, and budgeting tips.
 
Both Locke and the Carolina Journal in the last couple of days have highlighted work by the Tax Foundation highlighting ways North Carolina could continue its pro-growth tax reform.
Both Locke and the Carolina Journal in the last couple of days have highlighted work by the Tax Foundation highlighting ways North Carolina could continue its pro-growth tax reform.
 
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
 
The average age of cars and light-duty trucks on American roads has reached 12.5 years, according to a report from S&P Global, a phenomenon that comes as bottlenecked supply chains and elevated inflation continue their toll on households.
The average age of cars and light-duty trucks on American roads has reached 12.5 years, according to a report from S&P Global, a phenomenon that comes as bottlenecked supply chains and elevated inflation continue their toll on households.
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
Federal Reserve Chair Jerome Powell warned lawmakers on Tuesday that the central bank would continue to increase the target federal funds rate as inflationary pressures remain elevated.
Federal Reserve Chair Jerome Powell warned lawmakers on Tuesday that the central bank would continue to increase the target federal funds rate as inflationary pressures remain elevated.
 
North Carolina would face a new limit on state government spending growth under the Taxpayer Protection Act legislation filed Monday in the N.C. House.
North Carolina would face a new limit on state government spending growth under the Taxpayer Protection Act legislation filed Monday in the N.C. House.
 
President Joe Biden sounded a note of considerable economic optimism on Friday after the inflation metric most utilized by the Federal Reserve continued to increase.
President Joe Biden sounded a note of considerable economic optimism on Friday after the inflation metric most utilized by the Federal Reserve continued to increase.
 
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
 
The American economy grew at a 2.9% annualized rate in the fourth quarter of 2022, slightly surpassing expectations even as recessionary concerns loom.
The American economy grew at a 2.9% annualized rate in the fourth quarter of 2022, slightly surpassing expectations even as recessionary concerns loom.
 
JPMorgan Chase CEO Jamie Dimon warned about the national debt, expressing concern that the federal government’s obligations will eventually create a financial meltdown even as markets exhibit apathy toward the problem in the near term.
JPMorgan Chase CEO Jamie Dimon warned about the national debt, expressing concern that the federal government’s obligations will eventually create a financial meltdown even as markets exhibit apathy toward the problem in the near term.
 
Record spending during the holiday season coincided with many American households making expenditures using record amounts of debt.
Record spending during the holiday season coincided with many American households making expenditures using record amounts of debt.
 
For the second time in as many months, White House Press Secretary Karine Jean-Pierre told reporters during a press briefing that the U.S. is now at a stronger point economically than it has been “in history.”
For the second time in as many months, White House Press Secretary Karine Jean-Pierre told reporters during a press briefing that the U.S. is now at a stronger point economically than it has been “in history.”
 
JPMorgan Chase CEO Jamie Dimon predicted that robust consumer spending may run dry toward the middle of next year.
JPMorgan Chase CEO Jamie Dimon predicted that robust consumer spending may run dry toward the middle of next year.
 
American retail expenditures declined 0.6% between October and November, according to data released on Thursday by the Census Bureau.
American retail expenditures declined 0.6% between October and November, according to data released on Thursday by the Census Bureau.
 
The Consumer Price Index (CPI) rose 7.1% between November 2021 and November 2022, according to a Tuesday report from the Bureau of Labor Statistics, showing that inflation has continued to slow amid harsh contractionary policy from the Federal Reserve.
The Consumer Price Index (CPI) rose 7.1% between November 2021 and November 2022, according to a Tuesday report from the Bureau of Labor Statistics, showing that inflation has continued to slow amid harsh contractionary policy from the Federal Reserve.
 
Americans are now saving the smallest portion of their earnings in nearly two decades, according to data released on Thursday by the Bureau of Economic Analysis.
Americans are now saving the smallest portion of their earnings in nearly two decades, according to data released on Thursday by the Bureau of Economic Analysis.
 
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance estimate released today by the Bureau of Economic Analysis.
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance estimate released today by the Bureau of Economic Analysis.
 
The Bureau of Labor Statistics is expected to release Consumer Price Index data Thursday morning that will indicate whether rate hikes from the Federal Reserve have had a meaningful impact on inflation.
The Bureau of Labor Statistics is expected to release Consumer Price Index data Thursday morning that will indicate whether rate hikes from the Federal Reserve have had a meaningful impact on inflation.
 
The American economy grew at a 2.6% annualized pace in the third quarter of 2022, according to an advance estimate from the Bureau of Economic Analysis released Thursday.
The American economy grew at a 2.6% annualized pace in the third quarter of 2022, according to an advance estimate from the Bureau of Economic Analysis released Thursday.
 
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
 
The American economy is expected to grow at a paltry 0.3% annualized rate in the third quarter of 2022, according to data from the Federal Reserve Bank of Atlanta.
The American economy is expected to grow at a paltry 0.3% annualized rate in the third quarter of 2022, according to data from the Federal Reserve Bank of Atlanta.
 
Treasury Secretary Janet Yellen lauded the business climate under President Joe Biden as “one of the quickest economic recoveries in our modern history.”
Treasury Secretary Janet Yellen lauded the business climate under President Joe Biden as “one of the quickest economic recoveries in our modern history.”
 
After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.
After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.
 
Nearly three-quarters of households profess to be taking financially conservative actions as recessionary pressures impact the American economy, according to a recent survey from Bankrate.
Nearly three-quarters of households profess to be taking financially conservative actions as recessionary pressures impact the American economy, according to a recent survey from Bankrate.
 
The U.S. House and Senate voted along party lines to pass the latest tax and spend bill, “The Inflation Reduction Act of 2022,” (IRA) sending it to President Biden’s desk. Yesterday, with Biden’s signature, the bill became law.
The U.S. House and Senate voted along party lines to pass the latest tax and spend bill, “The Inflation Reduction Act of 2022,” (IRA) sending it to President Biden’s desk. Yesterday, with Biden’s signature, the bill became law.
 
Bidenflation is hitting Americans across the board, according to a new study.
Bidenflation is hitting Americans across the board, according to a new study.
 
The Democrat-supported “Inflation Reduction Act of 2022” could lead to a slight increase in inflation over the next two years if it’s passed and signed into law, according to a Penn Wharton study released Friday.
The Democrat-supported “Inflation Reduction Act of 2022” could lead to a slight increase in inflation over the next two years if it’s passed and signed into law, according to a Penn Wharton study released Friday.
 
A key measure of inflation rose to a new 40-year high in June, according to new data, marking troubling news for Americans as the economy officially entered a recession on Thursday.
A key measure of inflation rose to a new 40-year high in June, according to new data, marking troubling news for Americans as the economy officially entered a recession on Thursday.
 
President Joe Biden claimed that Thursday’s economic data showing the U.S. has entered a recession is “consistent with the transition to a stable, steady growth and lower inflation.”
President Joe Biden claimed that Thursday’s economic data showing the U.S. has entered a recession is “consistent with the transition to a stable, steady growth and lower inflation.”
 
President Joe Biden suggested that the U.S. economy was not in a recession Thursday despite new economic data showing that the U.S. has entered a recession.
President Joe Biden suggested that the U.S. economy was not in a recession Thursday despite new economic data showing that the U.S. has entered a recession.
 
As economic data indicate that the United States is heading for a recession, the White House published a blog post last week that appeared to dismiss the rule-of-thumb recession definition.
As economic data indicate that the United States is heading for a recession, the White House published a blog post last week that appeared to dismiss the rule-of-thumb recession definition.
 
The U.S. economy shrank at an annual rate of 0.9% in the second quarter of 2022, according to the advance estimate released by the Bureau of Economic Analysis (BEA) this morning.
The U.S. economy shrank at an annual rate of 0.9% in the second quarter of 2022, according to the advance estimate released by the Bureau of Economic Analysis (BEA) this morning.
 
Jared Bernstein, a member of President Joe Biden’s Council of Economic Advisers, on Sunday deflected on whether the United States is bound for a recession.
Jared Bernstein, a member of President Joe Biden’s Council of Economic Advisers, on Sunday deflected on whether the United States is bound for a recession.
 
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