Industrial production rose 0.4% in August
Industrial production rose 0.4% in August, according to the Federal Reserve. July’s reading was revised downward to 0.7% and June’s...
Economy
Producer price index increased 0.7% in August
The Producer Price Index for final demand increased 0.7% in August on a seasonally adjusted basis, according to the U.S....
Retail sales increased 0.6% in August
There were $697.6 billion in retail and food service sales in August, up 0.6% from the previous month and 2.5%...
OCC: Trading revenue decreased in second quarter compared to first quarter
Commercial banks reported total trading revenue of $13.7 billion in the second quarter of 2023, down 22.4% from the previous...
Survey: Bank staff compensation trends upward, ‘normalizes’ for most officers
Salaries for many bank staff have risen significantly since 2021, although the median pay raise for many top officers has...
CPI rose 0.6% in August
The Consumer Price Index rose 0.6% in August on a seasonally adjusted basis, after increasing 0.2% in July, the U.S....
The NFIB Small Business Optimism Index decreased 0.6 of a point in August to 91.3.
A seasonally adjusted net 17% of business owners planned to create new jobs in the next three months, unchanged from...
Poll finds little change in public perception of banking
The banking sector’s favorability rating dropped slightly in 2023 compared to last year in Gallup’s most recent annual assessment of...
Bank economists: ‘Soft landing’ odds have improved but recession risks remain
The U.S. economy is likely to dodge a recession despite an expected loss of momentum in economic growth over the...
Consumer credit increased in July
Consumer credit increased at a seasonally adjusted rate of 2.5% in July and 3.4% in June. Total outstanding credit increased...
