ABA Data Bank: U.S. economy grows 2.4% in Q2 2023

The FedNow instant payments service saw nearly $17.5 billion in transactions in the third quarter of the year, up from less than $500 million in the second quarter.

The average cost of this year's classic holiday feast is $58.08, a decline of 5% from 2023. Still, a Thanksgiving meal is 19% higher than it was in 2019, pre-pandemic.

The Federal Reserve announced 2025 pricing for payment services the Federal Reserve Banks provide to banks and credit unions, with an estimated 2.8% average price increase for established, mature services.

The University of Michigan Consumer Sentiment Index rose 1.8% in November compared to the month prior, landing at 71.8, according to final results for the month.

More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the ABA.

Commercial real estate and cybersecurity risks remain potential vulnerabilities for the U.S. financial system, the Office of Financial Research said in its annual report to Congress. The report also identified “data gaps” that could complicate projections.