Bank survey: Small business owners optimistic about future
Most small business owners say their businesses have grown despite labor shortages and increased competition for workers, according to a...
Economy
Consumer confidence rises in August
The Consumer Confidence Index was 103.3 in August, up from 101.9 in July, the Conference Board said.
Home prices rose in June
Home prices increased 5.4% in June compared to the same month a year ago, down from a 5.9% rise the...
New orders for durable goods increase in July
New orders for manufactured durable goods increased $26.1 billion or 9.9% in July to $289.6 billion, the U.S. Census Bureau...
ABA DataBank: Employment growth revised down, but still steady
The recent downward revision of payroll growth by 818,000 jobs in March was high by historical standards, but even after...
Fed’s Powell: ‘Time has come’ for rate cuts
With inflation easing and the labor market cooling, “the time has come for policy to adjust,” Federal Reserve Chairman Jerome...
Mortgage rates drop slightly
The rate for a 30-year fixed-rate mortgage averaged 6.46% this week. The rate for a 15-year fixed-rate mortgage averaged 5.62%.
Existing home sales grew 1.3% in July
Existing home sales grew 1.3% in July to a seasonally adjusted annual rate of 3.95 million, the National Association of...
Bank merger, acquisitions announced in three states
Bank acquisitions announced in Nebraska and Ohio while two West Virginia banks apply for a merger of equals.
FOMC minutes show support for cutting rates
Several Federal Open Market Committee participants saw a “plausible case” for reducing the federal funds rate at their most recent...
