The NFIB Small Business Optimism Index rose 1.2 points in April to 89.7
A seasonally adjusted net 12% of business owners planned to create new jobs in the next three months, up one...
Economy
Producer price index increased 0.5% in April
The Producer Price Index increased 0.5% in April from the previous month, the Labor Department reported.
United to purchase Piedmont Bancorp, Peoples National to buy Pataskala Banking
United Bankshares in West Virginia to buy Piedmont Bancorp in Georgia; Peoples National Bancshares in Ohio to purchase Pataskala Banking.
Fed’s Cook: CDFIs face many challenges in current economic climate
As “financial first responders,” community development financial institutions have the creativity and funding structures to assist low-income communities, but they...
New York Fed: Consumer inflation expectations mostly rise
Consumer inflation expectations in April increased at the short- and long-term horizons but declined at the medium-term, according to the...
Consumer sentiment fell in May
The University of Michigan Consumer Sentiment Index decreased 12.7% in May compared to the month prior, landing at 67.4.
ABA Data Bank: Stronger corporate profits point to continued growth
With the majority of U.S. companies having reported their first-quarter earnings, earnings per share for S&P 500 companies grew a...
Financial Stability Oversight Council raises concerns about nonbank mortgage servicing
In a new report on the nonbank mortgage servicing industry, the Financial Stability Oversight Council said that a patchwork of...
Fed report: Banking system sound, supervisory ratings drop for large banks
The U.S. banking system remains sound and resilient, with strong levels of capital and liquidity, according to the Federal Reserve’s...
Mortgage rates fall
The rate for a 30-year fixed-rate mortgage averaged 7.09% this week, down from last week when it averaged 7.22%.
