Real gross domestic product increased at an annual rate of 2.8% in the third quarter of 2024, according to the Commerce Department’s advance estimate. GDP increased 3% in Q2. The increase in real GDP in Q3 reflected increases in consumer spending, exports and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.
Pending home sales increased 7.4% in September from the prior month, the National Association of Realtors said.
Banks that prioritize education, coupled with compelling savings vehicles, will meaningfully empower customers on their personal finance journeys.
In a keynote speech at the ABA Annual Convention, Treasury Secretary Janet Yellen unveiled a new National Strategy for Financial Inclusion focused on access to transaction accounts, safe and affordable credit, and savings and retirement opportunities.
Rep. Ritchie Torres (D-N.Y.) reiterated his concern that a Fed proposal to lower the legal limit on debit card interchange fees would reduce resources for a program offering low-cost banking services to the unbanked and underbanked.
The Consumer Confidence Index was 108.7 in October, up from 99.2 in September, the Conference Board said.
A new ABA survey found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their card’s rewards programs
