Podcast: Persistent Inflation, Full Employment Driving Rate Hike Expectations

Airline ticket prices are rising sharply as a result of higher fuel costs. Not only are carriers increasing fares, many are cutting flights and reducing services.

This month’s job gain is evidence of a strengthening jobs market that withstood high energy costs and geopolitical uncertainty. The latest job market strength should support consumer loan demand and credit quality in the near future, ABA economists...

Consumer credit increased at a seasonally adjusted annual rate of 3.2% in the first quarter, with revolving and nonrevolving credit increasing 3.8% and 3%, respectively, according to the Federal Reserve.

As a community bank president and past chair of the Ohio Bankers League, Jenny Saunders has been part of many conversations with top policymakers on bank issues.

ABA economists believe the report suggests continued services sector strength and overall U.S. economic activity and growth. Continued expansion could support commercial and industrial lending, particularly among service-oriented small and midsize businesses.

New orders for manufactured goods in March increased $9.1 billion, or 1.5%, from the month before to $630.5 billion, the U.S. Census Bureau reported.