While the current economic situation can be called “unique,” Federal Reserve Bank of San Francisco researchers believe the yield curve inverting would signal an upcoming slowdown.
Revel, the failed $2.4 billion casino in Atlantic City, New Jersey, built as a high-end playground for Wall Street bankers, sold for $200 million to a Colorado developer who plans to reopen it under the name Ocean Resort Casino.
Nearly all Federal Reserve districts reported modest or moderate economic growth in the past six weeks as business outlook improved and hurricane-related rebuilding pushed prices higher, the latest Beige Book survey showed Wednesday.
Economists in the latest Philadelphia Federal Reserve Bank's quarterly survey marked up their forecasts for growth this year and next but said they expect inflation toward the Fed's 2% target to slow going forward.
Corporate relocation expert John Boyd Jr. discusses the "war between the states" for new jobs and business investment, and who might make the short list for Amazon's HQ2.
A destructive hurricane season caused significant disruptions along the Gulf Coast and the southeastern United States but businesses remained optimistic about growth over the medium term, the latest Federal Reserve Beige Book survey showed Wednesday.
California's economic condition will weaken after the term of Gov. Jerry Brown runs out, according to 72% of participants at The Bond Buyer's California Public Finance Conference.
