Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Reserve Survey"


7 mentions found


CNBC Fed Survey shows 61% see recession coming
  + stars: | 2022-12-12 | 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 EmailCNBC Fed Survey shows 61% see recession comingCNBC's Steve Liesman reports on results from the CNBC Federal Reserve survey.
In addition to the brightened short-term outlook, the inflation-rate projection for three years from now edged lower to 3%, down 0.1 percentage point from the previous month. The most recent annual inflation rate as gauged by the consumer price index was 7.7% in October. The central bank's Survey of Consumer Expectations indicated that respondents see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading. The survey comes as Fed officials have indicated the likelihood of a 0.5 percentage point interest rate hike coming this week when policymakers conclude their two-day meeting Wednesday. Respondents to the New York Fed survey said they see gas prices rising 4.7% and food up 8.3% in the year ahead.
Inflation expectations for the year ahead rose to 5.9%, up half a percentage point from September to the highest level since July, according to the New York Fed's monthly Survey of Consumer Expectations. Three-year expectations also accelerated to 3.1%, while the five-year outlook rose to 2.4%, respective increases from 2.9% and 2.2%. The outlook for medical costs and rent were little changed, with the latter up 0.1 percentage point, while the expectations for college costs fell to 8.6%, a 0.4 percentage point decline from September. That was lower than the 0.6% Dow Jones estimate for the monthly gain, while the annual rise of 7.7% was half a percentage point lower than the previous month. A separate gauge released Monday from the quarterly Survey of Professional Forecasters also pointed to higher inflation coupled with lower economic growth.
Fg Trade | E+ | Getty ImagesAre you ready for a "second act" in retirement? Although they may long to quit a job and pursue a passion — a "second act" — their financial state will make that difficult. "We need to have a second act," she added. The key to figuring out your second act, Garrett said, is starting with a realistic self-assessment that answers several important questions: • What is your passion? Depending on your financial circumstances, a second act may still have to provide you with substantial income to make sense — in effect, you'll be "unretiring."
Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.
Inflation was little changed in the month of August, despite efforts by the Federal Reserve to cool off the U.S. economy. Data released Tuesday by the U.S. Bureau of Labor Statistics showed that inflation landed at 8.3% last month compared to one year ago. Excluding volatile food and gas prices, inflation climbed 6.3% year-on-year — higher than the consensus estimate for 6.1% and an increase from last month's 5.9% reading. But food prices have remained stubbornly elevated, climbing 11.4% overall, compared to the same time last year. Inflation is expected to remain elevated for some time, though it should continue heading downward, according to the most recent New York Federal Reserve survey.
Underrepresented business owners have been hit hard throughout the pandemic. Underrepresented business owners said they struggled the most to access credit during the pandemic, a Federal Reserve survey found. And although venture capital funding hit a record high last year, it's dwindling this year as experts predict the US economy is headed toward a recession. We've also included some funding opportunities that aren't specific to underrepresented founders, but may still be relevant to their businesses. If you know of a funding opportunity that fits this list, please email this reporter at jortakales@insider.com.
Total: 7