New Home Sales Decline 15.4 Percent in March

The K-shaped economy is increasingly visible in airline ticket purchasing patterns.

Historically low consumer sentiment has not resulted in a decline in consumer spending. Sustained weakness could mean softening demand for consumer credit heading into the second half of the year.

The Producer Price Index for final demand increased 1.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

The rate for a 30-year fixed-rate mortgage was 6.52% this week. The rate for a 15-year fixed-rate mortgage was 5.84%.

Higher inflation will continue to weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth. This could be a headwind for loan demand, particularly for interest rate sensitive products such as mortgages and commercial...

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $55.9 billion in April, down $0.7 billion from $56.6 billion in March, revised.