BLS, Report: The Employment Situation – April 2023

Page(s): 39

“Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4 percent … Employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance.” “In April, employment continued to trend up in professional and business services (+43,000). Over the prior 6 months,…

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Fed Board, Report: H.4.1 Statistical Release

Page(s): 12

“In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2023.” “On May 1, 2023, the California Department…

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Jerome Powell, Speech/Q&A: FOMC May 2-3 Meeting Press Conference

Page(s): 16

Q&A Segment – Fed Funds “So policy is tight and you see that in interest sensitive activities. And you also begin to see it more and more in other activities. And if you put the credit tightening on top of that and the QT that’s ongoing. I think you feel like we may not be…

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Fed Board, Press Release: FOMC May 2-3 Meeting

Page(s): 4

“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 5 to 5-1/4 percent.” “Voting for the monetary policy action were Jerome H. Powell, Chair; John C.…

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CBO, Press Release: The Treasury Will Run Out of Funds in Early June

Page(s): 1

“Because tax receipts through April have been less than the Congressional Budget Office anticipated in February, we now estimate that there is a significantly greater risk that the Treasury will run out of funds in early June. We are providing this information in response to questions from lawmakers about our projections of revenues for the…

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