ABA Supports FDIC Proposal to Rescind Duplicative Disclosure Requirement

The FDIC board voted to start indexing certain regulatory thresholds and to delay the compliance date for its revised requirements regarding the use of the agency’s name and logo.

Pending home sales rose 1.9% in October from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 0.4%.

The Producer Price Index increased 0.3% in September from the previous month, the Labor Department reported.

The University of Michigan Consumer Sentiment Index decreased 4.9% in November compared to the month prior, landing at 51, according to final results for the month.

Business inventories in August came in at $2.66 trillion, virtually unchanged from the month prior and up 1.1% from a year ago, the Commerce Department said.

Retail and food service sales for August were $733.3 billion, up 0.2% from the previous month, the Commerce Department said in its advance estimate.