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Barkin: Raising interest rates is correct course
Inflation remains high, banks seem stable, Richmond Fed chief says
As inflation remains high and the fallout from recent bank failures seems contained, the Federal Reserve Bank has good reason to continue raising interest rates, Federal Reserve Bank of Richmond President
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Va. labor market stayed strong in February
Commonwealth had net gain of 3,200 jobs
Published
Virginia’s labor market remained strong in February, although growth is slowing, according to employment data from the Federal Reserve Bank of Richmond. Virginia had a net gain of 3,200 jobs
Crying wolf?
Recession predictions abound, but no downturn yet
Published
It’s “the most predicted potential recession in memory,” Federal Reserve Bank of Richmond President and CEO Tom Barkin quipped in January, but it hasn’t happened yet. Maybe. During the first
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Democrats call out Youngkin on Ford plant decision
Lawmakers say governor harmed SoVa economic prospects
Published
Democratic state delegates excoriated Virginia Gov. Glenn Youngkin on Tuesday for taking Virginia out of the running for a $3.5 billion Ford Motor Co. battery manufacturing plant that would have
Barkin: Inflation improving but not yet low enough
Richmond Fed chief says target is 2%
Published
With inflation decreasing but still not at its 2% target, the Federal Reserve still needs “to stay on the case,” Federal Reserve Bank of Richmond President and CEO Tom Barkin
Barkin: To address inflation, U.S. must rethink labor
Labor shortage likely to continue, Richmond Fed chief says
Published
As the U.S. moves to a short-labor environment, it will be necessary for businesses, governments and nonprofits to reassess their approach to labor, Federal Reserve Bank of Richmond President and
Fed’s Fifth District economy expands slightly
Supply chain disruptions, backlogs easing
Published
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has expanded slightly since October, according to the latest
Staying the course
Wealth pros counsel avoiding rash decisions
Published
A tanking economy. Rampant inflation. Whiplash in the stock market. What’s an investor to do? Look for opportunities to rebalance portfolios but, in general, hang tight, wealth management professionals say.
Pharrell brings Mighty Dream to Norfolk
Published
In November, Grammy-winning music superstar Pharrell Williams hosted the three-day Mighty Dream forum in Norfolk and broke some news about his Something in the Water music festival and the status
Business is better
Published
Over the past several months, there’s been a bit of a buzz about the direction of the global economy. In conversation, many business leaders will express deep concerns about inflation