Making Monetary Policy amid Financial System Challenges - June 21, 2023- Federal Reserve Bank of Atlanta

Economics
UK's stubborn inflation fails to fall, turning up heat on BoE
British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England a day before it is expected to raise interest rates for the 13th time in a row.
The Citrus Market is Getting Squeezed - Econ Everyday for Everyone
After years of declining demand, orange juice sales have hit their highest level since 2016....
Ticketmaster, SeatGeek Commit to All-In Pricing After “Junk Fees” Criticism
The two ticketing companies were among the attendees expected at the White House Thursday.
Tulsa will pay you to live there. And you’ll love it.
Remote workers came for the cash. They stayed for the community.
Americans are giving to charity at lowest level in nearly 3 decades
The drop came as Americans faced high inflation and economic uncertainty.
What FedEx Earnings Tell Us About the Real Economy @themotleyfool #stocks $FDX $DIS $AAPL $UPS $NKE $ZM $PTON
This industrial bellwether showcases how inflation is affecting businesses.
Housing Market Index (HMI)
The Housing Market Index (HMI) checks the pulse of the single-family housing market, according to a monthly survey of NAHB members.
Mama Mia! NYC rules crack down on coal-, wood-fired pizzerias — must cut carbon emissions up to 75%
New York City is even targeting beloved pizza pie in a bid to curb carbon pollutants — drafting new rules that would require pizzerias that use coal and wood burning ovens for decades to curb…
Pickleball Injuries May Cost Americans Nearly $400 Million This Year, According to UBS
More physical activity is a good thing right?
FRED Economic Data
Shares of gross domestic income: Compensation of employees, paid: Wage and salary accruals: Disbursements: to persons
How Mexican Beer Conquered The American Beer Market
For more than a century the American beer market was dominated by domestic beers, but in the last couple of decades a new contender emerged south of the bord...
Nick Gerli on Twitter
“The Airbnb collapse is real.
Revenues are down nearly 50% in cities like Phoenix and Austin.
Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse.”
Costco is cracking down on sharing membership cards
Some shoppers are buying Costco's $4.99 rotisserie chickens and paying at self-checkout. The problem: They aren't all members.
Costco is cracking down on shoppers using other people’s membership cards
The big-box retailer will verify paid members by asking for photo IDs
S&P 500 closes near flat as Powell warns that more restrictive policy could be on the way: Live updates
Traders digested the latest commentary on the pace of future monetary policy from Federal Reserve Chair Jerome Powell.
Wild weather swings have devastated Georgia’s peaches
“We just don’t have a peach crop,” one Peach State farmer lamented.
Southern fruit harvests were 🍑 this year
Is having a fruit on your license plate the new Sports Illustrated cover jinx?
The Legacy of the 2001 and 2003 “Bush” Tax Cuts | Center on Budget and Policy Priorities
The biggest tax policy changes enacted under President George W. Bush were the 2001 and 2003 tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax...
FRED Economic Data
Federal Debt: Total Public Debt as Percent of Gross Domestic Product
Disparities in Wealth by Race and Ethnicity in the 2019 Survey of Consumer Finances
The Federal Reserve Board of Governors in Washington DC.
Analysis | The professions most likely to be paired up in marriage, and more!
Doctors are most likely to marry in-field. Firefighters have a clear thing for nurses. And in this era of two-income households, the most common job for spouses still tends to be none at all.
So, Your City Wants to Build a Sports Stadium? - Global Sport Matters
Here's what anyone debating public financing for a sports stadium needs to know to combat half truths and exaggerations.

Top 10 biggest federal subsidies for pro stadiums (Hint: the Yankees are #1)
In a new paper from Economic Studies at Brookings, researchers find that federal taxpayers have footed a $3.2 billion bill to fund private sports stadiums since 2000 alone.

Episode 264: Should Cities Invest in Sports Stadiums?
Politicians often argue the benefits of raising taxes to pay for sports stadiums, citing all the economic benefits that accrue from attracting major sports teams. But if there were significant economic benefits, wouldn’t private investors have an incentive to pay for the stadiums on their own? Why do we need tax revenues to fund them? This week, economist Lauren Heller joins us to talk about the economics of sport stadiums.
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Quick Hits
https://russiandefpolicy.com/2021/12/27/russian-military-pay-still-lags/
https://www.cnas.org/publications/commentary/when-do-economic-sanctions-work-best
https://www.wsj.com/articles/self-driving-trucks-start-to-propel-land-rush-near-major-cities-11646053200
Foolishness of the Week
https://www.usatoday.com/story/travel/airline-news/2022/02/25/mask-mandate-travel-cdc-guidelines/6938530001/
Topic of the Week
https://www.berry.edu/academics/fs/lheller
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The Sports Stadium Scam | Robert Reich
Billionaires have found one more way to fleece the public: sports stadiums.
And if we don’t play ball, they’ll take our favorite teams away.
This kind of billionaire hardball is why State Farm Stadium, home of this year's Super Bowl, was built in the first place.

SSRN-id4022547.pdf
Local governments routinely subsidize sports stadiums and arenas using the justification that hosting professional franchises produces economic development and

Canada’s population booms thanks to a bold immigration experiment
The country is pursuing aggressive immigration targets to bolster its labor pool.