Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further.
The Southeast heats up in the summer, and so it is with regional economic activity in the second quarter of 2014. Strengthening employment numbers offer encouragement, with data indicating slow but steady progress. Financial Update's "EconBrief" discusses what the numbers might imply going forward.
Even with recent positive economic data, monetary policymakers cannot yet "declare the case closed" Atlanta Fed President Dennis Lockhart said in a recent speech. Financial Update notes that he added economic conditions will likely warrant near-zero short-term interest rates until the second half of 2015.
|Nov. 15||Financial Services Strategic Plan for 2012 to 2016 (Financial Update Focus)|
|Dec. 20||Surveying Southeastern Banking (Financial Update Focus)|
|Dec. 15||How Risky? The Elements of Managing Retail Payments Risk (Payments Spotlight)|
|Nov. 16||The Future of Mobile Payments (Payments Spotlight)|
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