Consumer sentiment falls in August
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.
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%.
More than two in three U.S. workers said they are “somewhat” or “very” stressed about their financial situation, according to a new survey by PNC Bank.
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...
FinCEN issued an advisory urging financial institutions to be vigilant for suspicious activity related to Chinese money laundering networks used by Mexican drug cartels.
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%.
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