We're going to go right now to Jay Powell has become speaking and delivering this speech. >> In my remarks today, I will first address the current economic situation in the near term outlook for monetary policy. I will then turn to the results of our second public review of our monetary policy framework, as captured in the revised Statement on Longer Run Goals and Monetary Policy Strategy that we released today.When I appeared at this podium one year ago, the economy was at an inflection point. Our policy r ...

Global Economic Trends - The former first world is largely becoming the descending world [2] - Much of the former third world is now the ascending world [2] - Edelman's numbers correlate with GDP figures and visible improvements in countries like Saudi Arabia, Malaysia, India, and China [1] Data Reliability - There are potential concerns regarding the accuracy of Edelman's numbers for specific regions, such as Nigeria and Kenya [1]

The Tankan survey is a key indicator of Japan's economic conditions that is published by the Bank of Japan. Learn what the readings mean and how they are used. https://t.co/s1Erd7B7uY ...

National Summary - Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December, with consumer spending rising moderately and strong holiday sales reported [11] - Construction activity decreased overall due to high costs for materials and financing, while manufacturing saw a slight decline with some manufacturers stockpiling inventories in anticipation of higher tariffs [11] - Residential real estate activity remained unchanged, high mortgage rates continued to suppress demand, while commercial real estate sales edged up [11] - Nonfinancial services sector grew slightly, particularly in leisure, hospitality, and transportation, although truck freight volumes were down [11] - Agricultural conditions remained weak with lower farm incomes and weather-related challenges, while energy activity was mixed [11] Labor Markets - Employment ticked up slightly, with six Districts reporting increases and six reporting no change, particularly in healthcare and construction sectors [12] - Wage growth picked up to a moderate pace in most Districts, although some reports indicated easing wage pressures [12] Prices - Prices increased modestly overall, with growth rates ranging from flat to moderate, and input costs also rose, particularly for health insurance [14] - Contacts expected prices to continue rising in 2025, with potential for higher tariffs contributing to price increases [14] Highlights by Federal Reserve District Boston - Economic activity increased slightly, with modest increases in tourism and home sales, while prices remained mostly steady [15] New York - Economic activity increased slightly, with moderate growth in consumer spending and a slight improvement in commercial real estate markets [16] Philadelphia - Business activity continued to grow slightly, with auto sales leading consumer spending, although manufacturing reported a slight decline [17] Cleveland - Business activity grew modestly, with higher-than-anticipated retail sales, while manufacturing demand remained soft [18] Richmond - The regional economy grew modestly, with increased consumer spending and a slight uptick in commercial real estate activity [19] Atlanta - Economic activity expanded modestly, with steady employment and moderate growth in consumer spending and auto sales [20] Chicago - Economic activity increased slightly, with modest increases in consumer spending and employment, while manufacturing and business spending decreased slightly [21] St. Louis - Economic activity continued to expand slightly, with positive holiday sales reports [22] Minneapolis - Economic activity grew slightly, with moderate wage growth and a positive outlook for the year ahead [23] Kansas City - Economic activity expanded slightly, led by consumer spending, with expectations for growth in hiring and price growth [24][25] Dallas - The economy expanded moderately, with growth in manufacturing and nonfinancial services, while home sales increased slightly [26] San Francisco - Economic activity expanded slightly, with stable employment levels and modest growth in retail sales [27] Sector-Specific Insights Retail and Tourism - Retail contacts reported slight increases in revenues, while tourism activity experienced modest growth, particularly in air travel [32] Manufacturing - Manufacturing sales were flat on average, with some firms reporting unexpected softness in demand [33] IT and Software Services - Demand for IT and software services remained stable, with expectations for strong revenue growth in early 2025 [34] Commercial Real Estate - Commercial real estate activity was mostly flat, with elevated long-term interest rates limiting transactions [36] Residential Real Estate - Home sales rose modestly, supported by improved inventories, although high mortgage rates continued to suppress demand [37]