Podcast: The economic realities underneath every ordinary decision

Consumer credit increased at a seasonally adjusted annual rate of 2.2% in October. Revolving credit, largely a reflection of credit card debt, increased at an annual rate of 4.9%.

Volatility measures began rising in late October after Fed Chair Powell stated that a rate cut in December was not a foregone conclusion.

While the outlook for credit conditions over the next six months has improved, bank economists expect continued softening in credit quality and availability given the prospect of persistent labor market headwinds, according to ABA’s latest Credit Conditions Index.

Personal income increased 0.4%, or $94.5 billion, in September, the Commerce Department said. The personal savings rate was 4.7%.

The University of Michigan Consumer Sentiment Index rose 4.5% in December compared to the month prior, landing at 53.3, according to preliminary results for the month.

Jon Sisk and Matt Lujano's banks couldn't be more different at first appearance, but the two community bank leaders share a positive outlook on the role of tech in community banking.