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...that half of muni-spending growth in 2023 went to investment, thanks to “a combination of slightly faster-than-expected spending from the bipartisan infrastructure law and a rush to spend pandemic-related federal...
...This chart below uses the Federal Reserve’s senior credit officer survey net level as the proxy for credit availability....
...Growth and employment remain strong — so strong, in fact, that expectations for Federal Reserve interest rate cuts are being pushed further into the future....
...Although the personal savings rate ticked up to 3.8 per cent, it is still far below pre-pandemic levels. The personal savings rate in January 2020 was 7.9 per cent....
...ROE, short for return on equity, was bagged by the Astoria US Quality Kings ETF. The AdvisorShares Pure Cannabis ETF tried to smoke out the competition with YOLO, the acronym for “you only live once”....
...Another is the saving glut: huge amounts of savings in China and east Asia had to go somewhere and that pushed down rates....
...Americans have run through their savings and are falling behind on their loans....
...Economic growth was also set to “slow markedly”, officials concluded per the minutes, following a surprisingly strong third quarter as consumers retrench in the face of dwindling savings stockpiles and souring...
...US inflationary pressures are expected to have eased slightly in February, a development that would be welcomed by the Federal Reserve as it evaluates when to begin cutting interest rates this year....
...Credit card delinquencies by consumers at large US banks have risen to their highest level since before the Covid-19 pandemic, underscoring the impact from rising interest rates and lower household savings...
...It is now far too big to export its savings surplus any longer A chart that matters The FT has updated its global inflation tracker, a real feast for data hounds....
...Whatever the reality is, it clearly matters, because the point at which these savings dry up might be the point at which consumers capitulate on spending and the Federal Reserve decides to call it a day...
...First, the rise of fixed-rate loans — and pandemic savings — have stunted the impact of rate rises....
...reductions in the federal bureaucracy”....
...McConnell had a lengthy absence from the Senate earlier this year after suffering a fall at an event at the Waldorf Astoria hotel in Washington. He was hospitalised and treated for a concussion....
...Elevated carrying costs will soon eat into savings....
...Economists at the Federal Reserve Board have predicted that as of the third quarter of this year (ie now) America’s excess household savings will have been spent....
...The $771bn Federal Retirement Thrift Investment Board said on Wednesday that it would change the benchmark index followed by its international fund....
...Optimism that the Federal Reserve is done raising interest rates is fuelling the gains. Yet not everyone is rushing in. For many retail investors, cash is still king....
...While the subsidies come from the federal government, they are doled out by the states. Only New Mexico has started the process to tap these IRA funds, Salz told me....
...In France, where there are 55mn government regulated savings accounts (Livret) that track market rates, they are a quarter lower....
...“The result is real savings to American taxpayers and real reductions in the federal bureaucracy,” Johnson said....
...Mitchell said the UK government was making £100mn available to help 3mn people, including pregnant mothers, in combating malnutrition and gaining access to life-saving medical care....
...We could still see that, given the wealthy are enjoying excess savings and rising asset values....
...Daylight saving time begins: Clocks go forward one hour in the US on Sunday. How well did you keep up with the news this week? Take our quiz. Five more top stories 1....
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