Home prices rose in August 

Total outstanding revolving credit, largely a reflection of credit card debt, decreased at an annual rate of 4.7% to $1.34 trillion. Total outstanding nonrevolving credit increased at an annual rate of 1.6% to $3.81 trillion.

Federal Reserve officials seemed to be divided over interest rates according to minutes released from the Federal Open Market Committee June 16-17 meeting. In the end, the committee voted unanimously to maintain the target range for the federal...

ABA economist Dan Brown discusses the recent release of HMDA data for 2025. He examines several trends, including the varying composition of bank mortgage loans in different regions, where banks face the stiffest nonbank competition in the mortgage...

The May increase in the goods and services deficit reflected an increase in the goods deficit of $23.6 billion to $106.5 billion and an increase in the services surplus of $0.6 billion to $28.9 billion. May exports were...

Perceptions about households’ current financial situations compared to a year ago improved, with a smaller share of households reporting a worse financial situation and a larger share reporting a better financial situation; however, expectations for future credit availability...

For banks, continued growth in services and expansion in employment should support commercial and industrial lending, particularly among service-oriented small and midsize businesses.