Builder confidence in the market for single-family homes in June was 43, down from 45 the previous month, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Wednesday. The current sales conditions index fell three points to 48, sales expectations in the next six months fell four points to 47 and traffic of prospective buyers declined two points to 28
Personal income increased 0.4%, or $92 billion, in December 2024, the Commerce Department said. The personal savings rate was 3.8%.
Mentions of tariffs have risen in earnings calls by firms in the U.S. and Europe for the fourth quarter with the total mentions projected to reach levels similar to those seen during the peak in 2018.
Bank regulators should be open to easing some of the unique regulatory burdens facing mutual banks, Fed Governor Michelle Bowman said. She also used her speech to caution against 'debanking.'
Many bank customers are expressing more interest in seeing a complete picture of their finances in one place, according to the latest bank customer satisfaction survey by J.D. Power.
A response to the New York Fed’s ‘Extend-and-Pretend in the U.S. CRE Market’
The CFPB in recent days has written to four states in support of proposed laws to prohibit credit reporting agencies from including information on medical debt in consumer reports.
