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Fed Fifth District economy grows slightly
Consumer spending, travel, tourism rose in summer
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest
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Finance | Insurance 2023: THOMAS I. BARKIN
PRESIDENT AND CEO, FEDERAL RESERVE BANK OF RICHMOND, RICHMOND
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As president and CEO of the Federal Reserve Bank of Richmond, Barkin serves as an alternate on the Fed’s interest-setting Federal Open Market Committee and will be a voting member
Fed Fifth District economy shrinks slightly
Customers push back on price growth in several industries
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The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has contracted slightly since March, according to the latest
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Innovation, capital key to rural growth, Barkin and Warner say
Richmond Fed chief, Sen. Mark Warner suggest solutions to spur development
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There’s hope for economic growth in rural areas despite their challenges, Federal Reserve Bank of Richmond President and CEO Tom Barkin and U.S. Sen. Mark Warner said Wednesday during the Fed’s
Barkin: Raising interest rates is correct course
Inflation remains high, banks seem stable, Richmond Fed chief says
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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
Va. labor market stayed strong in February
Commonwealth had net gain of 3,200 jobs
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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
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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
Barkin: To address inflation, U.S. must rethink labor
Labor shortage likely to continue, Richmond Fed chief says
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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
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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
Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
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Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third