Can Georgia’s economy outdo the nation’s pace of recovery in 2022? The University of Georgia’s Terry College of Business has just released its economic outlook for the coming year. Market watchers expect a major announcement at 2:30 pm today. That’s when Federal Reserve Chair Jerome Powell will speak about the Fed’s plans for its first interest rate hike. Patti Domm of CNBC covers the importance of today’s meeting. The U.S. may be heading toward a digital dollar. Hope King surveys the pros and cons and the likely time frame for Axios.
UGA Forecasters: Georgia Economy To Top Pre-Pandemic Jobs By Mid-2022 — Georgia’s economy will post strong growth again in 2022, finally surpassing its pre-pandemic number of jobs in the first half of next year, according to the latest economic outlook by the University of Georgia’s Terry College of Business. Read more…
The Federal Reserve Is Expected To Take A Very Big Step Towards A Rate Hike — The Federal Reserve may announce a more rapid transition away from its easy policies after its meeting today, as it sets the stage for the first interest rate hike next year. One wild card that market pros are watching closely is what the Fed says about its $8.7 trillion balance sheet and whether it tips when it might start to shrink it. Read more…
Central Banks Are Headed Toward Digital Currencies –The U.S. is starting a national conversation around a central bank digital currency (CBDC). Such a pivot could aid underbanked populations, and help make banking and monetary policy more efficient. Axios covers the pros and cons of a digital dollar. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller