Federal Reserve Bank of Richmond

The housing market continues to lead all sectors in recovery, althoough a manufacturing and two services surveys also showed signs of recovery.

Consumer confidence sputtered even as new home sales surged, highlighting an uneven economic recovery.

As the coronavirus infections rise in parts of the nation, the economy is suffering.

Data released on Tuesday suggest the economy remains weakened by the impact of the coronavirus.

The coronvirus pandemic led to economic declines and contacts are unsure how quick recovery will be.

The coronavirus pandemic could do lasting harm to U.S. productivity unless the nation adapts to the realities of living with COVID-19, says Federal Reserve Bank of Richmond President Thomas Barkin.

Pessimism about the economic situation in the United States continues to affect the way consumers view the economy and their financial position.

The Conference Board reported Tuesday that its consumer confidence index improved rose to 130.7 in February.

Consumers remain confident, as the consumer confidence index rose to 131.6 in January from an upwardly revised 128.2 in December, the Conference Board reported Tuesday.

While members of the Federal Open Market Committee believe monetary policy is in a good place, several factors have the power to change that.

Manufacturing activity contracted again in December, according to the Federal Reserve Bank of Richmond’s survey.

Federal Reserve Board Gov. Lael Brainard presented her alternative to quantitative asset purchases.

Federal Reserve Bank of Richmond President Tom Barkin notes the bond market is signaling pessimism and asks whether rates negate that message.

The U.S. economy is sending mixed signals about the pace of growth going forward, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.

Three Federal Reserve Bank presidents said they would cautiously consider supporting a rate cut.

Despite trade issues, consumer confidence slipped only slightly in August, as “consumers have remained confident and willing to spend.”

Existing home sales and the Federal Reserve Bank of Richmond’s manufacturing index support a 25 basis point Fed rate cut next week.

Manufacturing growth in the central Atlantic region was weaker than in March, while “service sector activity was robust in April.”

Manufacturing and services growth in the central Atlantic region in March was weaker than in February.

The service sector improved in February, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.