New Home Sales Grew 16.9 percent in November

The U.S. Supreme Court will wait until next year before considering an appeal by the Trump administration to overturn a lower court order barring the president from removing Governor Lisa Cook from the Federal Reserve board.

U.S. manufacturing activity contracted in September for the seventh consecutive month, the Institute for Supply Management said.

President Trump has nominated Travis Hill to be FDIC chairman. Hill has been serving as acting chairman of the agency since January.

The nonfarm private sector lost 32,000 jobs in September, and annual pay was up 4.5% year-over-year, according to the ADP National Employment Report.

ABA announced the 2025 relaunch of its award-winning consumer protection campaigns, #BanksNeverAskThat and #PracticeSafeChecks, aimed at helping consumers and small businesses recognize and avoid fraud and scams.

ABA has elected Jon Sisk as chair of the Community Bankers Council for the 2025-2026 association year. Sisk is EVP and chief banking officer of West Coast Community Bank.