alert

S&P Global Flash US Composite PMI Alert! The headline Flash US PMI Composite Output Index registered 47.3 in October, down from 49.5 in September. With the exception of the initial pandemic period, the rate of decrease was the second-fastest since 2009.

via spglobal: Challenging demand conditions and inflation concerns weigh on US private sector in October. Key findings: Flash US PMI Composite Output Index (1) at 47.3 (September: 49.5). 2-month low. Flash US Services Business Activity Index(2) at 46.6 (September: 49.3). 2-month …

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Office of Inspector General Alert! The Inspector General’s Statement on the SEC’s Management and Performance Challenges, October 2022. For FY 2021 the agency’s information security program did not meet accepted reporting metrics’ definition of “effective”

by Dismal-Jellyfish Source As we begin fiscal year 2023, we again identified the following as areas where the SEC faces management and performance challenges to varying degrees: Meeting Regulatory Oversight Responsibilities Protecting Systems and Data Improving Contract Management Ensuring Effective …

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Federal Reserve Alert! A Review of the FOMC Minutes and the speeches from Minnesota Fed President Neel Kashkari, Vice Chair Michael Barr, and Michelle Bowman.

by Dismal-Jellyfish Minutes of the Federal Open Market Committee Sept 20–21, 2022 ‘Highlights’: ‘Participants judged that the Committee needed to move to, and then maintain, a more restrictive policy stance in order to meet the Committee’s legislative mandate to promote maximum …

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Federal Reserve Alert! Governor Philip N. Jefferson: ‘Restoring price stability may take some time and will likely entail a period of below-trend growth. However, I want to assure you that my colleagues and I are resolute that we will bring inflation back down to 2 percent.’

October 04, 2022 Technology’s Impact on the Post-Pandemic Economy Governor Philip N. Jefferson At “Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,” a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond Good morning, and …

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Federal Reserve Alert! Guidance on Resolution forthcoming. Resolution plans, required by the Dodd-Frank Act and commonly known as “living wills,” describe a financial company’s strategy for rapid and orderly resolution under bankruptcy in the event of financial distress or failure.

September 30, 2022 Agencies announce forthcoming resolution plan guidance for large banks and deliver feedback on resolution plan of Truist Financial Corporation Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:30 p.m. EDT …

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Federal Reserve Alert! U.S. economy likely to slow further, Fed’s Beige Book finds. Most business respondents “expected price pressures to persist at least through the end of the year.”

via federalreserve.gov: Labor Markets Employment rose at a modest to moderate pace in most Districts. Overall labor market conditions remained tight, although nearly all Districts highlighted some improvement in labor availability, particularly among manufacturing, construction, and financial services contacts. Moreover, employers …

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Insanity: California Extends Electricity ‘Flex Alert,’ Warns Drivers Not to Charge Electric Cars… And “Climate Change” lunatics want to force EVERYBODY into electric vehicles — the sooner, the better.

California Extends ‘Flex Alert,’ Warns Drivers Not to Charge Electric Cars Jack Phillips Sep 4, 2022 Authorities in California extended a “Flex Alert” telling residents to conserve energy, including not charging their electric vehicles, on Sunday afternoon and evening. The …

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