Latest Story
Low inventory, high interest rates strap Va. housing market
July home sales down 20% from 2022, NoVa sales down 23.5% from June
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings
More Stories
Barkin: Raising interest rates is correct course
Inflation remains high, banks seem stable, Richmond Fed chief says
Published
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
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
Advertisement
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 Barkin asks, ‘What’s ‘normal’ anymore?’
Fed will continue to react to inflation, he adds
Published
The question Tom Barkin is asked the most these days is when the economy will return to normal. The president and CEO of the Federal Reserve Bank of Richmond has
Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
Published
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
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
Fighting back
Small businesses get creative battling inflation
Published
Inflation and supply chain problems have pushed up the price of citric acid by 200%. That’s a problem for Crystal Wellman because citric acid is a primary ingredient in bath
Va. CEOs worry about inflation
Most executives surveyed negatively impacted by rising prices
Published
Inflation is bad for Virginia businesses. That was the biggest takeaway from a survey of Virginia CEOs in July. The University of Richmond’s Robins School of Business and the Virginia
Higher gas prices are needed
Published
The U.S. inflation rate, which reached 8.6% in May, is at its highest point in 40 years. In 1982, it was just over 6%. Since then, the U.S. inflation rate