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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 04, 2023
Page
8
The Federal Reserve will issue its monthly update on consumer credit on Tuesday. Economists expect a $30 billion rise in January after a muted December. The release should illuminate how households are borrowing amid inflation and higher interest rates, with credit cards, auto loans and personal loans rising in 2022.
The government will release its February nonfarm payrolls in thousands as a seasonally adjusted employment update. Analysts watch for how the broad job market reacts to inflation and Fed rate hikes, noting strength helps workers but complicates cooling inflation. The Fed seeks signs of softening in employment to indicate easing inflation.
Ellie Newman from Code for Pittsburgh describes the effort as a perfect blend of nerdy map and coding expertise with the cultural touch of Pittsburgh fish fries. The nonprofit runs an interactive map detailing fish fry locations across western Pennsylvania.
Stocks rallied on Wall Street drifting to their biggest gain in six weeks as the S&P 500 rose 1.6 percent and marked its first winning week in four. Tech names propelled the Nasdaq while Marvell Technology Broadcom posted mixed signals and mute forecast. The chipmaker gave a weak forecast for the current quarter while another firm reported solid first quarter results.
The memo records a strong desire from partner agencies stakeholders and the public to direct funds to affordable housing. The meeting will review gap analysis market analysis and public input. Allocations include 4.5 million for modular homes for homelessness and 1.81 million for affordable housing amid prior pandemic relief. The commission meets at 5 45 p m Tuesday at City Hall 6 E Sixth St.
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