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Atlanta Fed delivers payments inclusion report

Payments Dive

PayPal, Block and Global Payments representatives contributed to the Atlanta Federal Reserve Bank’s research on how to draw more people into the digital payments sphere.

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Atlanta Fed: Real GDP Estimated To Fall 52.8 Pct In Q2

PYMNTS

percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The Atlanta Fed said the next GDPNow update will be on Thursday (June 4). In addition, the Atlanta Fed said it won’t support the GDPNow app as of Friday (June 5). percent drop to a 58.1 percent drop to a 62.6

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Atlanta Fed: GDP Could Tumble By 43 Pct In Q2

PYMNTS

Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is expected to drop by nearly 43 percent in the second quarter, CNBC reported. GDPNow is not an official forecast of the Atlanta Fed. percent in Q2, down from the May 8 estimate of 33.9

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Walmart Plans More Health Clinics In Atlanta Area

PYMNTS

Walmart will open up at least six more health clinics in the greater Atlanta area by the end of the year, according to CNBC. There are already four such clinics, with three in Georgia and one in Arkansas. But Walmart is looking to open more, CNBC reported, as it attempts to get into the health market.

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Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge

PYMNTS

Raphael Bostic , the president of the Federal Reserve Bank of Atlanta, whose reach extends into the south caught up in the resurgence of COVID-19 cases, said business reopening has leveled off. Bostic said the Atlanta Fed was trying to determine whether this leveling off is a sustained pattern, or just a pause. “To The uptick in U.S.

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Atlanta Fed president owns up to more errors in financial disclosure

American Banker

All 12 regional Federal Reserve banks released financial information from their presidents on Thursday, including new errors that Federal Reserve Bank of Atlanta President Rafael Bostic acknowledged. Such disclosures have taken on increased significance after a slew of scandals in recent years.

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Consumer Uncertainty Overshadows Georgia’s Reopening, Atlanta Fed Chief Says

PYMNTS

Raphael Bostic , president of the Atlanta Federal Reserve, called Georgia’s reopening rollout a “mixed bag” in which only parts of the state were eager to go back out. The other half, according to him, seemed to be staying in more often out of lingering virus fears.

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