Research Department Working Papers Financial Shocks in an Uncertain Economy No. 2308 Chiara Scotti Abstract: The past 15 years have been eventful. The Global Financial Crisis (GFC) reminded us of the importance of a stable financial system to a well-functioning economy, one with low and stable inflation and maximum employment. Given the recent banking stress, … Read more
In recent years, the concepts of fiscal space and fiscal space for health have evolved to incorporate new views related to both revenue and expenditure. The International Monetary Fund (IMF) expanded the list of factors impacting overall fiscal space to include a set of 50 key components covering economic growth, revenue, fiscal policies, debt, contingent … Read more
SAN JUAN, Puerto Rico — Homeland Security Investigations (HSI) San Juan is alerting the citizens of Puerto Rico to avoid falling victim to illegal financial exploitation schemes, the most common and fastest growing form of elder abuse. Older Americans lose a staggering $2.9 million a year to a growing variety of financial scams. Baby boomers … Read more
skynesher/E+ via Getty Images One of my favorite things about value investing is that, even when financial performance for a company shows signs of weakness, shares can still achieve attractive upside. This is because the stock was purchased at such a low price that the market priced in bad developments, potentially even developments that were … Read more
The Instagram Threads app is seen on a phone with a Twitter logo in the background in this … [+] illustration photo on 06 July, 2023 in Warsaw, Poland. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto via Getty Images One look at the latest headlines surrounding Twitter, and you might think the Meta Threads … Read more
Headlines | Thursday, 6 July 2023 – Federal Reserve expected to raise interest rates later in July – Layoffs fall to seven-month low in June – FTC warns of scams following Supreme Court’s 6-3 ruling against Biden’s Student Loan Forgiveness Program – 16 million student loan borrowers had debt relief approved, what will happen now … Read more
Verona achieved the fiscal feat of going from a balance-sheet deficit at the end of 2021 to a substantial surplus one year later. The borough’s 2022 municipal annual audit and financial report shows retained earnings of $457,811 as of Dec. 31 in Verona’s general fund, as compiled by certified public accounting firm Hosack, Specht, Muetzel … Read more
BOISE, Idaho — There’s a big concern surrounding retired Americans who may be struggling financially, especially with rising costs and inflation. A lot of people say they have a retirement plan in place; however, financial experts say those plans aren’t always as well thought out as people believe. One issue that certified financial planner Matt … Read more
Judge curbs US officials’ liaisons with social media groups Be a global citizen. Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Subscribe to unlock this article Try unlimited access Try full digital access and see … Read more
Home prices are barely lower than where they were last year with the median US home-sale price just $4,000 lower than the June 2022 peak according to Redfin data. That represents a 0.9 percent decrease year-over-year and the smallest decline in four months. A typical home in the United States is selling for $383,000. The … Read more