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%...
Economy
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...
Quarterly Banking Profile: Banking net income declines in Q2
FDIC-insured banks and savings institutions earned $70.8 billion in the second quarter of 2023, according to the FDIC’s most recent...
ISM: Service sector expanded in August
The ISM Services Index registered 54.5%, 1.8 percentage points (pp) higher than July’s reading of 52.7%. The composite index indicated...
