Newsbytes

Fourth Quarter GDP Grew at 1.9%

Real GDP for the fourth quarter of 2016 grew at a seasonally adjusted annual rate of 1.9%, according to the Bureau of Economic Analysis’s revised estimate, unchanged from the advance estimate. The general picture of economic growth remained the same. The change in GDP reflected an upward revision to personal consumption expenditures that was offset by downward revisions to nonresidential ...

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GAO: Fed Officials, Bankers Concerned About Dividend Cut

A Government Accountability Office report on Friday found that although the 2015 highway bill's reduction in the dividend rate for Federal Reserve member banks with assets of more than $10 billion has had little short-term effect on Federal Reserve membership and bank operations, concerns arise for the future.

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Durable Goods Orders Increased in January

New orders for manufactured durable goods increased 1.8% in January to $230.4 billion, following a 0.8% December decrease, according to the U.S. Census Bureau. New orders excluding defense rose 1.5% on the month, as orders of nondefense capital goods increased 3.6% to $69.0 billion. Shipments of manufactured durable goods decreased 0.1% to $238.3 billion. Inventories of manufactured durable goods were ...

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DoD Reports MLA Website Malfunction

Due to a malfunction, the Department of Defense’s Military Lending Act website was unable to process a total of 149 request files between Feb. 9 and Feb. 15, according to a notice posted on the site.

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New Home Sales Increased in January

New single-family home sales rose to a seasonally adjusted annual rate of 555,000 in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The January level was 3.7% above the revised December rate of 535,000 and 5.5% above the January 2016 level. Sales rose in most regions, increasing 15.8% in the Northeast, 14.8% in ...

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Consumer Sentiment Fell in February

Consumer Sentiment declined 2.2 points in February to 96.3, according to the University of Michigan Consumer Sentiment Index. The Current Economic Conditions Index rose 0.2 points to 111.5, while the Consumer Expectations Index fell 3.8 points to 86.5. “While consumer confidence edged upward in late February, it remained slightly below the decade peak recorded in January. Overall, the Sentiment Index ...

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