Banks and the Economy

Consumer Confidence Increased Moderately in June

The Conference Board Consumer Confidence Index increased to 118.9 in June, rebounding from declines in the two preceding months. The Present Situation Index rose 5.7 points to 146.3, the second consecutive monthly increase. The Expectations Index declined for the third straight month, falling 1.7 points to 100.6. “Consumer confidence increased moderately in June following a small decline in May,” said ...

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Fed Gov. Powell Highlights Focal Points for Reg Reform

Noting the progress made over the last several years to improve the strength and resiliency of the U.S. financial system, Federal Reserve Governor Jerome Powell today pointed to several key areas that the Fed is currently focusing on for regulatory reform.

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Durable Goods Orders Decreased in May

New orders for manufactured durable goods decreased 1.1% in May to $228.2 billion, following a 0.9% April decrease, according to the U.S. Census Bureau. New orders excluding defense fell 0.6% on the month, as orders of nondefense capital goods decreased 2.4% to $68.3 billion. Shipments of manufactured durable goods increased 0.8% to $234.9 billion. Inventories of manufactured durable goods rose ...

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New Home Sales Increased in May

New single-family home sales rose to a seasonally adjusted annual rate of 610,000 in May, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The May level was 2.9% above the revised April rate of 593,000 and 8.9% above the May 2016 level. Sales grew in two regions, 6.2% in the South and 13.3% in ...

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