Tag: Federal Reserve Bank


U.S. economy is ‘on the brink’ of a complete recovery, says Richmond Fed’s Barkin

March 22, 2021


The U.S. economy is recovering from the Covid-19 recession, but some economic “scarring” may take a long time to heal, said Richmond Federal Reserve Bank President Thomas Barkin. Economic scarring refers to damage left behind by crises that will suppress […]

Financial Services, Industries

US Consumers Pay Down $10B In Credit Card Debt In Q3

November 18, 2020


Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of […]

Finance Tech, Trading

Bitcoin Futures Killed the Bitcoin Rally (and Will Keep It from Returning), Economists Say

July 3, 2018

Via: Fortune

Predicting the future direction of Bitcoin and other cryptocurrencies has often proved to be a fool’s errand. One explanation cited by some economists for this year’s collapse in digital currency prices also suggests that a major Bitcoin rally may not […]