In 2022, total losses represented $3.1 Billion as reported by elderly victims, an increase of 84% from 2021. Talk about these scams with your family and friends and take steps to prevent these fraud attempts.

Banks across Districts tightened lending standards amid increased uncertainty and liquidity concerns. Contacts noted declines in the prices of nonlabor inputs and significantly lower freight costs in recent weeks, as several Districts reported increases in the labor supply.

Shortly after Congress enacted the Inflation Reduction Act (IRA), the Department of the Treasury and the IRS initiated an effort to develop a Strategic Operating Plan, identifying the highest-priority opportunities to deliver transformational change for taxpayers.

Finding skilled workers with desired experience remains challenging, and inflationary pressures remain widespread as input costs increase. Many companies were finding it more difficult to pass on cost increases.

Provides an overview of standards (existing, being drafted, under consideration, and planned) related to the cybersecurity of artificial intelligence (AI), assess their coverage, and identify gaps in standardization.

Financial institutions are increasingly exploring the potential of tokenization of “real-world assets”, including tangible assets, such as real estate and precious metals, and intangible assets, such as private equity (e.g., fund tokens) or debt securities (e.g., digital bonds).

Business and cyber leaders face challenges understanding each other well enough to meet organizational risk.

In 2023, savvy executives will keep their feet on their M&A accelerators, even as competitors slam on the brakes in the face of turbulence.

Supply chain issues, including sourcing bottlenecks, global logistics backlogs, cost pressures, and cyberattacks, will likely remain critical industry challenges in 2023.

Manufacturers indicated that activity declined modestly in many Districts while supply chain disruptions had eased. Manufacturers in many Districts report declining freight costs and prices for commodities, including steel and lumber.