Banking on Millennials? A Special Report

The University of Michigan Consumer Sentiment Index decreased 5.7% in August compared to the month prior, landing at 58.2, according to final results for the month.

Personal income increased 0.4%, or $112.3 billion, in July, the Commerce Department said. The personal savings rate was 4.4%.

SPONSORED CONTENT PRESENTED BY JACK HENRY™ With growing non-interest expenses and loan-loss provisions putting downward pressure on net income, community banks are feeling a renewed urgency to operate more efficiently. In fact, efficiency has officially taken center stage...

The rate for a 30-year fixed-rate mortgage was 6.56% this week. The rate for a 15-year fixed-rate mortgage was 5.69%.

Pending home sales fell 0.4% in July from the prior month, the National Association of Realtors said. Year over year, pending transactions were up 0.7%.

Real gross domestic product increased at an annual rate of 3.3% in the second quarter of 2025, according to the Commerce Department’s second estimate.