Banking on Millennials? A Special Report

Heavy truck sales have historically served as a reliable leading indicator of an economic slowdown.

Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,412,000. This is 0.2% below the revised September rate of 1,415,000 and is 1.1% below the October 2024 rate of 1,428,000.

Consumer sentiment increased 1.1 points month-over-month in January to 54.0, down 17.7 points from one year ago, according to preliminary results of the University of Michigan Surveys of Consumers.

Total nonfarm payroll employment increased (+50,000) according to the U.S. Bureau of Labor Statistics. The unemployment rate, at 4.4%, edged down from November’s revised rate of 4.5%.

The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust companies may engage in nonfiduciary activities.

Consumer credit increased at a seasonally adjusted annual rate of 1% in November. Total outstanding credit increased to $5,084.8 trillion during the month, up 0.1% from October’s revised total of $5,080.6 trillion.