Newsbytes

FinCEN Updates List of AML/CFT Jurisdictions

The Financial Crimes Enforcement Network today released a revised list of the jurisdictions that are subject to countermeasures or enhanced due diligence due to anti-money laundering and counter-terrorist financing deficiencies (Section I), as well as jurisdictions with AML/CFT deficiencies that are working to correct them (Section II).

Read More »

Housing Starts Rose in December

Housing starts rose to a seasonally adjusted annual rate of 1.226 million in December, 11.3% above the revised November rate of 1.102 million and 5.7% above the December 2015 rate. Housing activity increased in three out of the four regions, led by strong jumps in the Midwest (31.2%) and the West (23.5%). Activity in the Northeast rose by 18.5% while ...

Read More »

Beige Book: Economic Expansion to Close Out 2016

Economic activity continued to expand at a modest pace across most of the twelve Federal Reserve Districts over the period from late-November to the end of the year, according to the just-released Federal Reserve Beige Book. Most Federal Reserve Districts reported “moderate” or “modest” growth. Consumer spending was mostly positive this period. Most Districts reported expanded retail sales, but several ...

Read More »

Builder Confidence Inches Back from December High

The National Association of Home Builders/Wells Fargo Housing Market Index fell to 67 in January, a 2 point decrease from a downwardly revised December reading of 69. “Builders begin the year optimistic that a new Congress and administration will help create a better business climate for small businesses, particularly as it relates to streamlining and reforming the regulatory process,” said ...

Read More »

Industrial Production Increased in December

Industrial production rose 0.8% in December after decreasing 0.7% in November. Over the last year, industrial production is up by 0.5%. Manufacturing output increased 0.2% in December after a small decline of 0.1% in November. Production of durable goods increased by 0.5%, while most nondurables industries posted declines during the month. Capacity utilization for manufacturing increased by 0.1 percentage point ...

Read More »

CPI Increased 0.3% in December

The Consumer Price Index increased 0.3% in December on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 2.1%. Prices for all items less food and energy, the “core CPI,” increased 0.2% in December, the same increase as November. The index rose 2.2% for the 12 months ending in December. The food index was unchanged for ...

Read More »