Some Republican lawmakers insist that the limit will be raised and the U.S. government will not default on its debt. Others seem to be considering alternatives that Powell considers to not be viable.
A letter from the comptroller to major state-employee pensions provides a list of "energy boycotters," claiming firms including BlackRock, UBS, and Credit Suisse "should not ... benefit from assets invested for the future of Texans while simultaneously undermining our state's economic future."
A discussion of the final clawback rules published by the SEC on Nov. 28, 2022, in response to the Dodd-Frank requirement to increase transparency and disclosure in financial reporting.
According to the Fed minutes, "maintaining a restrictive policy stance until inflation is clearly on a path toward 2 percent is appropriate from a risk-management perspective."
The proposal would create a two-tier system—one for those who directly invest with a mutual fund, and another for those that invest through intermediaries, such as the typical retirement plan participant, say opponents.
While it's probably too early to declare a trend, the upward post-holiday jump in the 10-city average—based on entry-card swipes—is an important milestone.
This dollar amount equates to 6.6 billion lost hours of productivity over a two-year period of the pandemic, according to a new Integrated Benefits Institute report.
"The increase in January's PPI—which rose far more than the estimates, erasing last month's decline—moderates expectations for disinflation over the year ahead."