• #TheCFOSurvey tracks business sentiment each quarter, and experts from the Richmond and @AtlantaFed and @DukeFuqua will analyze where, how and why shifts may have occurred: Link https://t.co/v5TfMLxMrc
    Richmond Fed Fri 29 May 2020 21:44

    Duke University’s Fuqua School of Business, the Federal Reserve Bank of Richmond and the Federal Reserve Bank of Atlanta today announce a collaborative effort to gather valuable information from business decision-makers across the nation.

    The CFO Survey builds upon the renowned Global Business Outlook, a quarterly survey of financial decision-makers Fuqua has administered since 1996.

    The hallmark of The CFO Survey is its CFO Optimism Index—a measure of business sentiment, drawn directly from business leaders, which reflects their optimism for their firms’ financial prospects and those of the overall U.S. economy. Business leaders in all industries are asked about their most pressing concerns, their expectations for their firms’ performance and their expectations for the performance of the U.S. economy in the year ahead. The CFO Survey tracks business sentiment each quarter, and experts from the Richmond and Atlanta Feds and Fuqua will analyze where, how and why...

  • We have 8 #InvestmentConnection proposals seeking funding for potential CRA-eligible projects. Our funders portal is open for financial institutions, corporate, private, family foundations & government agencies looking for ways to support #COVID19 needs: Link https://t.co/czcnSq2V8x
    Richmond Fed Fri 29 May 2020 19:34
    Investment Connection is a collaborative of Federal Reserve Banks. Explore our searchable database to create a customized list of funding opportunities that address your geographic and issue area needs. If you are new to the application process please sign up. If you are a returning applicant please sign in. If you are having difficulty logging in please click the "Forgot Your Password" link.
  • RT @RxPartnershipVA: Check out @RxPartnershipVA's ED, Amy Yarcich, discussing RxP's NEW mail delivery program that ships meds for FREE dire…
    Richmond Fed Fri 29 May 2020 19:29
  • RT @FedReserveJobs: New #job opening @RichmondFed Project Manager-Senior to Adva: Link.
    Richmond Fed Fri 29 May 2020 18:09
  • We have eight #InvestmentConnection proposals seeking funding for CRA-eligible projects. Our funders portal is open for financial institutions, corporate, private, family foundations and government agencies looking for ways to support #COVID19 needs: Link https://t.co/mvp4xkGzk5
    Richmond Fed Fri 29 May 2020 17:19
    Investment Connection is a collaborative of Federal Reserve Banks. Explore our searchable database to create a customized list of funding opportunities that address your geographic and issue area needs. If you are new to the application process please sign up. If you are a returning applicant please sign in. If you are having difficulty logging in please click the "Forgot Your Password" link.
  • “Just a few months after being deployed, Corporal Bass died. In his honor, I call his mother on the anniversary of his death. I just remind her that he’s not forgotten and people remember the funny, outgoing young man from Tennessee that was taken from this world way too soon.”
    Richmond Fed Fri 29 May 2020 14:58
  • “We do a 'left seat, right seat' protocol when tours end, meaning the oncoming group shadows the current group for a week to learn, and then the off-going group watches the oncoming group," shares A.J. "Corporal Bass was outgoing and I enjoyed spending those two weeks with him.” https://t.co/Kk97Pa3g3A
    Richmond Fed Fri 29 May 2020 14:58
  • Richmond Times-Dispatch editorial highlights President Tom Barkin's recent essay 'Different Realities, Different Recoveries': Link Link
    Richmond Fed Fri 29 May 2020 14:28

    My family is fortunate to be healthy, together, and working from home. My grown kids, who left us several years ago, have come back, and it is great fun to be together again. We are surprisingly productive. We are spending less on travel and dining out, so are saving more.

    But many people are in very different circumstances. Take, for example, those who work in businesses deemed essential. They continue to go to their workplaces. They are proud to have been deemed critical for the safety and security of our country and some are receiving hazard pay. But they know — no matter the precautions they are taking — that working poses a health risk to them and to their families.

    And of course, then there are the 38 million Americans who have filed for unemployment and the almost 5 million more who have left the workforce over the past two months. Despite enhanced benefits for those who are unemployed, they’re worried about their present and their future.

    It’s worth...

  • President Tom Barkin is quoted about the "very tricky balance" on the road to recovery. Link
    Richmond Fed Fri 29 May 2020 13:33

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Maryland Governor Larry Hogan issued an executive order on April 3 halting evictions, repossessions and foreclosures of those who are having trouble paying due to #COVID19. For more regional news from #AroundOurDistrict: Link https://t.co/QPAVkckJ5P
    Richmond Fed Fri 29 May 2020 12:18

    MARYLAND

    Gov. Larry Hogan issued an executive order on April 3 halting evictions, repossessions, and foreclosures of those who are having trouble paying due to COVID-19. This followed a March 16 executive order prohibiting companies from shutting off or charging late fees for electricity, gas, water, sewage, phone, cable television, and internet. In addition, the Maryland Department of Agriculture has designated farmers markets as essential, urging them to stay open to support those who depend on local fruits and vegetables, including Supplemental Nutrition Assistance Program recipients.

  • Yesterday's #manufacturing survey showed all three components — shipments, new orders and employment — above their April readings but still in contractionary territory: Link. #ManuSurvey https://t.co/4TwsdFsSJS
    Richmond Fed Thu 28 May 2020 22:08

    May 27, 2020

    Fifth District manufacturing remained soft in May, according to the most recent survey from the Richmond Fed. The composite index rose from a record low of ?53 in April to ?27 in May, remaining at its lowest level since 2009. All three components — shipments, new orders and employment — were above their April readings but still in contractionary territory. The index for local business conditions was also negative, but contacts expected conditions to improve in the next six months.

  • Register for our first #InvestmentConnection live virtual pitch session on June 2: Link. You’ll learn about responsive #communitydevelopment projects in Central, Southside and Hampton Roads, Virginia that benefit those impacted by #COVID19. https://t.co/tr2HrQUq32
    Richmond Fed Thu 28 May 2020 20:03
  • New today: Our latest #EconomicBrief suggests that regions most affected by #COVID19 could suffer lasting scars on employment and gross domestic product: Link. #EconTwitter https://t.co/Z1hK7mAndf
    Richmond Fed Thu 28 May 2020 18:48

    Researchers and policymakers are wondering whether the economic losses associated with the COVID-19 pandemic will prove temporary or persistent. Examining the housing crisis of 2006–09 may provide some clues. Despite the fact that the housing crisis represented a temporary demand-side shock, it had lasting negative effects on employment and GDP in regions most exposed to the boom and bust in house prices.

  • RT @WisdomTreeETFs: How could sustained low #interestrates impact economic growth? @RichmondFed Tom Barkin answers on @JeremyDSchwartz’s n…
    Richmond Fed Thu 28 May 2020 18:18
  • #Maryland firms reported soft business conditions in May, according to the latest survey: Link https://t.co/XfxjwSZl7g
    Richmond Fed Thu 28 May 2020 16:38

    May 28, 2020

    Maryland firms reported soft business conditions in May, according to the latest survey from the Richmond Fed. The indexes for general business conditions and sales increased from their April readings of ?67 and ?56 to ?54 and ?32 in May, respectively, but continued to indicate contraction. Businesses also reported decreased capital spending in May as this index dropped to ?39, its lowest value on record. Survey contacts expected conditions to remain weak in the coming months.

  • Firms in the Carolinas reported a continued weakening of #business conditions in May, according to the most recent survey: Link https://t.co/rk3WylnE06
    Richmond Fed Thu 28 May 2020 15:22

    May 28, 2020

    Firms in the Carolinas reported a continued weakening of business conditions in May, according to the most recent survey by the Federal Reserve Bank of Richmond. The indexes for general business conditions and sales rose from ?82 and ?55 in April to ?67 and ?52 in May, respectively, but were still in contractionary territory. Businesses also decreased capital spending. Contacts expected conditions to improve and sales to level in the next six months.

  • “To honor SSgt Berry this #MemorialDay, I did pull-ups. I took his age at passing (33) and multiplied it by 3 for the Eagle, Globe and Anchor, the Marine Corps Emblem. That's 99, so I rounded to 100, and then did 100 pull-ups for him and 100 for me for a total of 200 pull-ups.” https://t.co/dU5cR5oXe2
    Richmond Fed Thu 28 May 2020 14:02
  • “Staff Sergeant Berry earned the Combat Action Ribbon and many other awards during his career. I had the honor to be SSgt Berry’s Officer-in-Charge twice," Josh shared. "He saved countless civilians by providing a tenacious defense before succumbing to overwhelming forces.” https://t.co/vAitfhqZuC
    Richmond Fed Thu 28 May 2020 14:02
  • RT @WisdomTreeETFs: How much of the recent economic damage is temporary vs. permanent? @JeremyDSchwartz & @RichmondFed Tom Barkin discuss h…
    Richmond Fed Wed 27 May 2020 21:46
  • If your business in within our District and you'd like to participate in our confidential monthly #manufacturing survey: Link. #ManuSurvey https://t.co/ym0C1s1SSY
    Richmond Fed Wed 27 May 2020 21:01
  • Our inaugural #InvestmentConnection live virtual pitch session for Virginia CRA-eligible organizations will be hosted on June 2. Listen to the latest #RegionalView to learn more about this unique way for funders to support #COVID19 needs: Link https://t.co/eBoUesgZTZ
    Richmond Fed Wed 27 May 2020 19:16

    In this special edition, Peter Dolkart talks about Investment Connection, a program launched by the Richmond Fed to bring together community and economic development organizations with potential funders. He also discusses how the program can help LMI communities recover from the impacts of the COVID-19 pandemic.

  • JUST RELEASED: Today's #BeigeBook shows that economic activity in our District continues to decline after the sharp fall reported in our previous Beige Book: Link https://t.co/AuAefgl482
    Richmond Fed Wed 27 May 2020 18:06
    This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before May 18, 2020. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.
  • How does relative risk of institutional failure vary across minority depository institutions, CDFIs and non-mission depository institutions? Learn more during today's webinar at 3 p.m. on minority-owned firms: Link. #CommunityDevelopment https://t.co/WV1YQ5qxnh
    Richmond Fed Wed 27 May 2020 16:01
  • "Every year on #MemorialDay, I participate in the “Murph” CrossFit workout, which is a tradition to pay a small tribute to the service members that gave the ultimate sacrifice," business advisory and First to Serve chair Aaron continues. "Semper Fidelis." #murphchallenge https://t.co/R2F5Y52Aky
    Richmond Fed Wed 27 May 2020 15:06
  • “I will never forget Lance Corporal Yazzie, his light-hearted attitude and heroism in the face of danger. I am honored that we became friends in an austere location," shares Aaron. "I wear a memorial bracelet as a reminder of his service, bravery and ultimate sacrifice."
    Richmond Fed Wed 27 May 2020 15:06
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