Podcast: How the ‘apolitical’ Fed moves during presidential elections

An increase in the number of financial institutions offering Bank On-certified accounts may have contributed to the decline in unbanked households by lowering barriers to account ownership, according to new research.

Despite temporary tariff relief, small businesses still face elevated costs from historically high tariffs on Chinese goods.

The University of Michigan Consumer Sentiment Index decreased 2.7% in May compared to the month prior, landing at 50.9, according to preliminary results for the month.

Housing starts increased by 1.6% in April from the month prior to a seasonally adjusted annual rate of 1.34 million, the Commerce Department reported.

The rate for a 30-year fixed-rate mortgage was 6.81% this week. The rate for a 15-year fixed-rate mortgage was 5.92%.

The Producer Price Index decreased 0.5% in April from the previous month, the Labor Department reported.