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Bureau of Economic Analysis – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Sun, 30 Oct 2022 16:30:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Bureau of Economic Analysis – DIGIT INFO https://www.digit.info 32 32 Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats https://www.digit.info/feds-key-inflation-gauge-jumps-0-5-in-september-americas-rising-costs-to-punish-democrats/ Sun, 30 Oct 2022 16:30:14 +0000 https://www.digit.info/2022/10/30/feds-key-inflation-gauge-jumps-0-5-in-september-americas-rising-costs-to-punish-democrats/ Read more]]> The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth consecutive rate hike by 75 basis points (bps) next month. While […]

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Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth https://www.digit.info/despite-the-white-house-debate-critics-insist-us-officially-in-a-recession-after-2-consecutive-quarters-of-negative-gdp-growth/ Thu, 28 Jul 2022 15:00:55 +0000 https://www.digit.info/2022/07/28/despite-the-white-house-debate-critics-insist-us-officially-in-a-recession-after-2-consecutive-quarters-of-negative-gdp-growth/ Read more]]> Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP GrowthThe U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies […]

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Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions https://www.digit.info/yellen-downplays-stimulus-contributing-to-inflation-republicans-grill-us-treasury-secretarys-decisions/ Thu, 09 Jun 2022 14:30:00 +0000 https://www.digit.info/2022/06/09/yellen-downplays-stimulus-contributing-to-inflation-republicans-grill-us-treasury-secretarys-decisions/ Read more]]> U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks of inflation. A U.S. senator from Wyoming questioned the Treasury secretary’s “pronouncements and decisions” […]

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The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets https://www.digit.info/the-feds-christopher-waller-wants-50-bps-rate-hikes-until-inflation-subsides-us-savings-data-plummets/ Mon, 30 May 2022 22:00:41 +0000 https://www.digit.info/2022/05/30/the-feds-christopher-waller-wants-50-bps-rate-hikes-until-inflation-subsides-us-savings-data-plummets/ Read more]]> The Fed's Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data PlummetsFederal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show […]

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