Producer Price Index Rose 0.4 Percent in September

When people talk about financial services, they often talk about systems, markets, platforms and performance. But on Sept. 11, all of that fell away.

Consumer inflation expectations in August decreased slightly at the medium-term horizon and remained unchanged at the short- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

Consumer credit increased at a seasonally adjusted annual rate of 4.2% in July. Total outstanding credit increased to $5,186.2 trillion during the month, from June’s revised total of $5,168.2 trillion.

ABA economists believe that small-business owners remain cautiously optimistic amid a mixed operating environment and that conditions could lead to tepid loan demand for small businesses in the coming months.

As the Amish and Plain population explodes across the country, their growth creates new opportunities for community banks with flexible policies.

ABA economists view this month’s strong payroll report as a positive catalyst for business and consumer loan demand. The continued low unemployment rate should also keep consumer credit performance strong.