ABA Data Bank: Consumers expect to spend more on gifts in 2023
U.S. consumers plan to spend an average of $654 on holiday gifts this holiday season, up from $613 in 2022....
Economy
Hearing from corporate America’s ‘middle’ child
Middle market businesses don’t get all the love or the press, but they are critically important nonetheless. Here’s the outlook...
FOMC minutes show members uncertain about where inflation is heading
Federal Open Market Committee members unanimously agreed to leave the target range for federal funds rate at 5.25% to 5.5%...
Existing home sales declined 4.1% in October
Existing-home sales fell 4.1% in October to a seasonally adjusted annual rate of 3.79 million, according to the National Association...
Poll finds most Americans comfortable managing debt
Most Americans say they are comfortable managing their debt despite higher prices and debt obligations, according to a recent survey...
New York Fed: Credit application rates fall, rejection rates rise
Consumer credit demand weakened in 2023 while overall rejection rates for credit applications rose, according to the Federal Reserve Bank...
ABA Data Bank: Thanksgiving dinner costs decrease, but remain elevated
The typical cost for a Thanksgiving dinner decreased 4.5% over the past year, according to survey data from the American...
Housing starts increased in October
Housing starts increased to a seasonally adjusted annual rate of 1.372 million in October, according to the U.S. Department of...
Bank CEOs say industry remains strong as economy slows
The U.S. banking industry remains solid despite higher interest rates and the fallout from the bank failures earlier this year,...
Home builder confidence falls in November
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) declined 6 points to 34 in November. This...
