The University of Michigan Consumer Sentiment Index increased 3.1% in December compared to the month prior, landing at 74, according to final results for the month. The December figure was up 6.2% from a year ago. The current conditions component of the index rose 17.5% from the month prior, landing at 75.1, while the consumer expectations index declined 4.7% to 73.3.
ABA said it does not support a proposal by the Financial Accounting Standards Board to establish and track a standardized set of financial key performance indicators for businesses.
The Financial Accounting Standards Board voted to eliminate the CECL "double count" that is often recorded in bank mergers and acquisitions.
The non-farm private sector gained 62,000 jobs in April and annual pay was up 4.5% Year-over-Year, according to the ADP National Employment Report.
Personal income rose 0.5% or $116.8 billion in March, the Commerce Department said. The personal savings rate was 3.9%.
Pending home sales increased 6.1% in March from the prior month, the National Association of Realtors said.
Real gross domestic product decreased at an annual rate of 0.3% in the first quarter of 2025, according to the Commerce Department’s first estimate.
