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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
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
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Fifth District economy little changed since August, Fed says
Demand for several sectors drops in face of inflation
Published
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the
Barkin: Inflation high, but Fed has tools to contain it
Richmond Fed CEO predicts continued volatility
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Tom Barkin agrees — inflation is too high. But he also says the Fed has the authority to get it back on the right track. That’s what the president and
Fifth District economy growth is moderate, Fed says
Rising fuel prices, labor and supply shortages limit growth
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The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) continued to grow moderately despite supply chain issues, labor shortages and rising prices, according to
Rising interest rates not enough to deter homebuyers
Home inventory bigger problem, experts say
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Even the Federal Reserve hiking interest rates likely won’t be enough to cool down the hot real estate market in Virginia, experts say. In an attempt to slow the highest
Fed still likely to raise rates, despite Russia-Ukraine conflict
Richmond Fed president says board is keeping close eye on invasion
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Federal Reserve Bank of Richmond President and CEO Thomas Barkin said Thursday that he hopes to bring interest rates up to pre-pandemic levels “relatively quickly,” while noting that it’s hard
Roaring ’20s repeat possible, Richmond Fed president says
Barkin predicts goods inflation will ease as supply issues lessen
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Federal Reserve Bank of Richmond President and CEO Thomas Barkin said he could visualize another round of the “roaring ’20s,” he said Thursday during the Virginia Bankers Association/Virginia Chamber 2022
Fifth District economy has moderate growth, Fed says
Shortages in labor and supply continue to hamper growth
Published
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth but was constrained by supply issues and labor shortages, according to the
Youngkin announces secretary of administration pick
Margaret “Lyn” McDermid was CIO for Fed, Dominion
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Gov.-elect Glenn Youngkin has chosen former Federal Reserve System Chief Information Officer Margaret “Lyn” McDermid as the commonwealth’s secretary of administration. “Lyn will play a pivotal role in making Virginia’s