FedNow to Launch in July

New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6 billion, the U.S. Census Bureau reported. This followed a 0.2% decrease in June. New orders for manufactured durable...

The non-farm private sector added 38,000 jobs in August, and annual pay was up 4.7% year-over-year, according to the ADP National Employment Report. This follows an upwardly revised July report of 46,000 from 44,000. Small businesses with fewer...

FinCEN reissued a geographic targeting order targeting multiple counties and ZIP codes in two states along the Southwest U.S. border. 

Overall economic activity increased modestly since early July, with 10 of the 12 Federal Reserve Districts reporting growth in the slight to moderate range and two districts reporting no change, the Fed said in the sixth Beige Book...

FinCEN and the banking agencies issued a joint statement clarifying that confidentiality requirements related to suspicious activity reports do not prevent banks from communicating with customers about potentially fraudulent transactions, account closures or other potentially illicit activity.

The $6.2 billion-asset First Financial said in a press release that it will pay $111.3 million in cash and stock for the parent of the $717 million-asset Hickory Point Bank.