The FED Said What is LIBOR? Globally, the London Interbank Offered Rate (LIBOR) has been used extensively as the benchmark rate for many financial transactions, from derivatives to loans to businesses and consumers. Estimates of U.S. Dollar (USD) denominated LIBOR exposure run as high as $200 trillion. Why is LIBOR going away? Since its inception […] Read more
The FED Said Across the Southeast, the small business landscape is a tapestry of different stories that tell different experiences. Businesses with fewer than 500 employees entered 2019 with the tailwind of a strong 2018, as consumer spending picked up, corporate profits climbed, and the U.S. economy grew nearly 3 percent, as measured by […] Read more
The FED Said Investing in America’s Workforce: Improving Outcomes for Workers and Employers Data show there is a sizable share of workers who have low skill and education levels. In 2016, 23.4 million adults aged 18 to 64 did not hold a high school degree or its equivalent—almost 12 percent of this age segment of […] Read more
The FED Said Summary of Economic Activity – Southeast On balance, economic activity in the Sixth District expanded at a modest pace since the previous report, and the outlook among contacts remained positive. Labor market tightness continued to limit growth in some sectors. Wage pressures persisted for lower-skilled positions, and some contacts expect higher wages […] Read more