Newsbytes

Retail Sales Fell in March

There were $470.8 billion in retail and food service sales in March, down 0.2% from the previous month and up 5.2% from March 2016, according to the U.S. Census Bureau. February’s estimate was revised from up 0.1% to down 0.3%. Core retail sales – excluding automobiles and parts – were unchanged for the second consecutive month. Year-over-year core sales increased ...

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CPI Decreased 0.3% in March

The Consumer Price Index decreased 0.3% in March on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 2.4%. Prices for all items less food and energy, the “core CPI,” decreased 0.1% in March, down from February’s 0.2% increase. The index rose 2.0% for the 12 months ending in March. The food index increased 0.3%. Prices ...

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CFPB Proposes Corrections to HMDA Final Rule

Following outreach to industry stakeholders -- including ABA -- the Consumer Financial Protection Bureau today proposed a number of technical corrections and clarifications to the data lenders are required to collect and report under the final Home Mortgage Disclosure Act Rule (Regulation C).

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Studies: Obama-Era Rules May Hinder Growth and Harm Competition

The first broad-scale academic assessment of new financial rules and standards put in place during the Obama presidency -- including the Dodd-Frank Act, Basel III and the CARD Act -- finds “causes for concern” about the impact of the rules on growth, credit availability and competition.

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Producer Prices Declined 0.1% in March

Producer prices fell 0.1% in March, seasonally adjusted, after climbing 0.3% in February, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.3% for the twelve months ended March 2017, which is the largest increase since the twelve months ended March 2012. The index for final demand goods also fell 0.1% in March. The decrease was led by ...

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Report: Trump ‘Very Close’ to Fed Nominations

President Trump is “very close” to nominating a Federal Reserve vice chairman for supervision and another governor to fill a designated seat for an individual with community bank expertise, according to Treasury Secretary Steven Mnuchin, who was interviewed with Trump by the Wall Street Journal.

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Survey: Fewer Minority Youth Aspire to Start Businesses

While overall youth aspirations to start businesses and invent innovative products has remained steady or declined gently, the percentage of ethnic or racial minority young people who say they plan to start their own company has fallen by double digits in five years, according to the latest Gallup/Operation Hope index of young Americans’ economic energy.

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