The FED Said On November 25, Fed chair Jay Powell gave a speech titled “Building on the Gains from the Long Expansion,” in which he observed that Recent years’ data paint a hopeful picture of more people in their prime years in the workforce and wages rising for low- and middle-income workers. In making this […] Read more

Federal Reserve Bank of Atlanta The FED Said Summary of Economic Activity Sixth District business contacts indicated that economic activity expanded modestly since the previous report, and the outlook among contacts remained positive. Tightness in the labor market continued to constrain growth in many sectors. Contacts noted that wage pressures continued to increase for lower-skilled […] Read more

The FED Said Overall Economic Activity Economic activity expanded modestly from October through mid-November, similar to the pace of growth seen over the prior reporting period. Most Districts reported stable to moderately growing consumer spending, and increases in auto sales and tourism were seen across several Districts. In manufacturing, more Districts reported an expansion in […] Read more