FOMC minutes: Committee members debate how to fulfill dual mandate
Federal Open Market Committee members are divided on which aspect of the Federal Reserve’s dual mandate should take precedence, with...
Economy
Housing starts rise in July
Housing starts increased by 5.2% in July from the month prior to a seasonally adjusted annual rate of 1.43 million,...
Home builder confidence slips in August
Builder confidence in the market for newly built single-family homes was 32 in August, down one point from July, according...
ABA DataBank: Road trippers watching travel budgets this summer
For Americans hitting the road this summer, 68% are either cutting back or watching their travel budgets. Only 11% are...
Consumer sentiment falls in August – preliminary results
The University of Michigan Consumer Sentiment Index decreased 5% in August compared to the month prior, landing at 58.6, according...
Industrial production slips in July
Industrial production decreased 0.1% in July from the previous month, the Federal Reserve reported. The July figure was up 1.4%...
Business inventories rise in June
Business inventories in June came in at $2.66 trillion, up 0.2% from the month prior and up 1.6% from a...
Retail sales rise in July
Retail and food service sales for July were $726.3 billion, up 0.5% from the previous month, the Commerce Department said...
Mortgage rates fall
The rate for a 30-year fixed-rate mortgage was 6.58% this week. The rate for a 15-year fixed-rate mortgage was 5.71%.
Producer prices rose 0.9% in July
The Producer Price Index increased 0.9% in July from the previous month, the Labor Department reported.
