Consumer sentiment falls in October
The University of Michigan Consumer Sentiment Index decreased 3.7% in October compared to the month prior, landing at 46.3, according...
Economy
Fed survey finds increase in family income, financial stress
While most U.S. families experienced moderate increases in income and net worth in recent years, the share of families experiencing...
Fed: Consumer credit increased 1.9% in August
Consumer credit increased at a seasonally adjusted annual rate of 1.9% in August, according to the Federal Reserve. Revolving credit...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.73%.
FOMC minutes show another rate increase possible
Most members of the Federal Open Market Committee believe they may need to raise the target range for the federal...
New York Fed: Inflation expectations increased in September
Consumer inflation expectations in September increased at the short- and medium-term horizons and remained unchanged at the longer-term horizon, the...
New survey probes community banks’ plans for digital assets
Double-digit shares of community bankers intend to offer tokenized deposits and stablecoin solutions within the next 12 months, according to...
ABA DataBank: ISM Services Index down slightly in September
For banks, although price pressures remain, a strong services sector and a stable labor market should continue to support credit...
ABA DataBank: Lock-in effect weighs on existing home sales
As mortgage rates rise, the “lock-in effect” is likely to intensify as more homeowners are discouraged from moving or buying...
ABA DataBank: Healthcare led job gains in weaker September report
While the unemployment rate remains relatively low, a continued deterioration in labor market conditions could lead to some weakening in...
