ABA DataBank: Workplace use of generative AI
Overall, generative AI adoption remains widely uneven across the workforce.
Economy
Industrial production fell in March
Industrial production dropped 0.5% in March from the previous month, the Federal Reserve reported. The March figure was up 2.4%...
Mortgage rates dip
The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.65%.
Beige book: Economic activity somewhat mixed in recent months
Overall economic activity increased at a slight to moderate pace in eight of the 12 Federal Reserve districts in recent...
NAHB: Homebuilder confidence declines in April
Homebuilder confidence in the market for newly built single-family homes fell four points to 34 in April, according to the...
Producer prices rose 0.5% in March
The Producer Price Index for final demand increased 0.5% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Fed chair nomination hearing scheduled for next week
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next...
ABA DataBank: Small-business optimism drops in March, uncertainty rises
The sharp drop in optimism and increase in uncertainty can be tied to the concerns around the impact of the...
ABA DataBank: Existing home sales fell 3.6% in March
The ABA Office of the Chief Economist sees the decline in existing home sales as driven by continued affordability concerns.
The CEA studied the wrong question on stablecoin ‘yield’ and community banks
The CEA paper minimizes the core risk by starting from the wrong question. There is already ample evidence and analysis...
