Consumer Credit Growth Increased in May

The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few years, and while bankers are used to regulatory whiplash when administrations change, it is possible some of changes...

The Consumer Price Index increased 0.1% in May on a seasonally adjusted annual basis, after rising  0.2% in April, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.4%.

Consumers’ recent pessimism about the labor market eased somewhat, while consumer debt delinquency expectations and expectations about households’ financial situation improved slightly, survey results showed. Perceptions about households’ current financial situations compared to a year ago and expectations...

More than 70% of respondents are “very” to “moderately” concerned about the effects of tariffs on their businesses, according to Provident Bank. So far those effects have been minimal, with more 80% of businesses saying there has been...

Consumer credit increased at a seasonally adjusted annual rate of 4.3% in April, the Federal Reserve reported.

Job growth surprised to the upside in the May BLS employment report, with total payrolls rising by 139,000 and the unemployment rate remaining steady at 4.2%.