So, as we celebrate the 40th anniversary of the first Jackson Hole meeting with a mini-replay of the first one – when Paul Volcker faced down runaway inflation
Manufacturers in Oklahoma and across a broader region served by the Federal Reserve Bank of Kansas City have reported slowdowns in activity in August, the bank reported Thursday.
After improving considerably during first-quarter 2022, E&P activity in the southwestern U.S. grew further in the second quarter, hitting its highest level in the Dallas Fed survey’s six-year history. However, cost escalations and supply chain issues are major problems.
The recently released Beige Book by the Federal Reserve has raised concerns about inflation and a slowdown of the economy, including an impending recession.