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In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas. AdvertisementYounger Americans are facing stagnant incomesThe Dallas Fed found that, even after a post-pandemic dip, the rate of disconnected youth has increased since the end of the 1990s. AdvertisementAnd the number of young adults with no income has been on the rise; in 1990, around one in five young adults said they had no wage or salary income. Are you or were you a "disconnected youth," or supporting one?

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☆ US debt explosion may force the Fed to halt a key tightening campaign so the financial system doesn't become unstable
▼ + stars: | 2023-08-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

That's as the debt binge may pressure bank reserves, economists at the St. Louis Fed wrote. The Treasury has issued $1 trillion in T-bills since June, and another $600 billion is expected by year's end. But a prior quantitative tightening campaign saw a drop in bank reserves, forcing the Fed to do an about-face in 2019 and buy T-bills. "Although there are currently ample reserves, there is some lower level of reserves that can cause stress in financial markets," the St. Louis Fed economists wrote in a paper. While the St. Louis Fed's note estimated that $2 trillion in banking reserves could be the optimal level, the data are signaling higher levels.

Persons: Louis Fed, redemptions, Louis Fed's Organizations: Federal Reserve, St, Treasury, Service, Treasury Department, Fed Locations: Wall, Silicon

He said in the statement released by the St. Louis Fed that the regional bank "is well-positioned for ongoing success and impact." The St. Louis Fed said Kathleen O'Neill Paese, the regional bank's first vice president and chief operating officer, will act as interim president. The regional bank said its search committee will look nationally for a new leader, noting that its search will be "robust, transparent, fair and inclusive." While they operate under the oversight of the Board of Governors in Washington, regional Fed banks are quasi-private institutions technically owned by member banks. With Bullard's exit, there will be two unfilled regional Fed bank slots.

Persons: James Bullard, Bullard, Louis Fed, Mitchell, Daniels, Jr, doesn't, Tim Duy, Duy, Derek Tang, LH Meyers, Wrightson ICAP, Kathleen Bostjancic, Kathleen O'Neill Paese, Louis Fed's, Esther George, Michael S, Ann Saphir, Chizu Nomiyama, Paul Simao Organizations: Louis Federal Reserve, U.S, Purdue, St, School of Business, Federal, Macro, Fed, Purdue University, Minneapolis Fed, Nationwide, Brookings Institution, Governors, Kansas City Fed, Derby, Thomson Locations: Indiana, St, Washington

☆ With the banking crisis on hold, the Fed is back to fighting inflation
▼ + stars: | 2023-04-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The Federal Reserve's policy pendulum has swung back to inflation fighting. "The view is based on banking sector stress remaining contained, the economic expansion continuing and core inflation remaining stubbornly high." A cooling crisis Indeed, Fed Chairman Jerome Powell and other central bankers in late February and early March were indicating chances of half-point rate hikes . Watching the banks, and the market To be sure, the banking situation remains in flux and could yet shape Fed policy. At the same time, the two-year Treasury note yield, which is most sensitive to Fed policy moves, has jumped about half a percentage point over the past two weeks.

Investors may see rate cuts in the Fed's near future, part of a recession-breeds-accommodation view of the world, but "the labor market just seems very, very strong. The bulk of Fed policymakers as of March felt one more rate increase, which would raise the benchmark overnight interest rate to a range between 5.00% and 5.25%, was all that would be needed. Some policymakers and analysts worry it is those final steps that could push the economy into a recession. Reuters Graphics Reuters GraphicsLIMIT GUIDANCEGiven how inflation and the economy are behaving, Bullard said, the fewer promises made the better. Recession forecasts "are coming from models that put too much weight on the idea that interest rates went up quickly," Bullard said.

☆ US businesses see moderation in inflation ahead, Fed survey shows
▼ + stars: | 2023-03-08 | by ( Lindsay Dunsmuir | ) www.reuters.com time to read: +3 min

But after some softening late last year, the economy has since rebounded and price increases have reaccelerated. But there were also hopeful signs, with supply chains easing further and price increases moderating in many of the Fed's regional districts. "Looking ahead, contacts expected price increases to continue to moderate over the year," the report said. That said, inflation remained "widespread" according to the survey, and in the labor market "finding workers with desired skills or experience remained challenging." Fed policymakers have made clear that there would have to be some easing in labor market shortages in order for wage pressures to ease.

☆ St. Louis Fed's James Bullard pushes for faster rate hikes
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSt. Louis Fed's James Bullard pushes for faster rate hikesJames Bullard, St. Louis Federal Reserve president, joins ‘Squawk Box’ to discuss if he is happy with recent moves in Treasury yields, where he's at in terms of a terminal federal funds rate and more.

☆ What Cramer is watching Tuesday — Nasdaq tough year, seasonal oil strength, P&G looking good
▼ + stars: | 2022-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here's why the Fed may have won already but is still acting like nothing has improved
▼ + stars: | 2022-11-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

We can bet that they will be one-upping each other about how high they want to take fed funds, the overnight bank lending rate. They seem to want to ignore anything that's succeeded since the Fed's rate increase cycle began back in March. I think that, again, if the Fed were to wait through Christmas they would see the layoffs and the corporate failures. One thing that's for certain, the buyers of the 2-year may be more sensitive to the data than the Fed. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ St. Louis Fed's Bullard says policy rate not yet 'sufficiently restrictive'
▼ + stars: | 2022-11-17 | by ( Steve Liesman | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSt. Louis Fed's Bullard says policy rate not yet 'sufficiently restrictive'CNBC's Steve Liesman joins 'Squawk Box' to report the latest comments from top Federal Reserve officials about the course of inflation and the central bank's key interest rate.

☆ Warren Buffett's favorite market gauge is reading nearly 150%, signaling US stocks are still overvalued and at risk of tumbling further
▼ + stars: | 2022-09-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's go-to market gauge is reading nearly 150%, suggesting stocks remain overvalued. The "Buffett indicator" has retreated from over 210% in January due to the stock-market downturn. That puts the Buffett indicator at 146%, down from over 210% at the start of this year. For example, it compares the stock market's current value with a GDP reading from several months ago. Here's the St. Louis Fed's version of the Buffett indicator (both market cap and GDP are indexed to the fourth quarter of 2007):A chart showing the Buffett indicator.

☆ Stocks could continue skittish trading until interest rate move calms down
▼ + stars: | 2022-09-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The S & P 500, Dow and Nasdaq were all down sharply for the week. The S & P was down 4.6%, ending the week at 3,693. Fed Vice Chair Lael Brainard , St. Louis Fed President James Bullard , San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman are among the speakers. Other global central banks joined the Fed in raising rates, and interest rates around the world rose in tandem. If those levels break, the S & P could touch 3,385 before the selling is over, he said.

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