Personal income increased 0.3%, or $71.1 billion, in November, the Commerce Department said today. The personal savings rate — a percentage of disposable personal income — was 4.4%. Meanwhile, personal consumption expenditures increased 0.4%, or $81.3 billion.
Sales of new single-family houses in October 2025 were at a seasonally adjusted annual rate of 737,000, according to estimates released jointly today by the U.S. Census Bureau and HUD.
The Consumer Price Index increased 0.3% in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.7% before seasonal adjustment.
HNB National Bank in Hannibal, Missouri, has agreed to buy Kearney Trust in Kearney, Missouri.
ABA joined nine bank and credit union associations in urging lawmakers to once again reject legislation that would impose new network routing mandates on financial institutions that issue credit cards.
Travis Hill has been sworn in as the 23rd chairman of the FDIC, the agency announced. He has served as FDIC acting chairman since the beginning of 2025.
The ABA Office of the Chief Economist believes the most recent reading supports the notion that inflation has not reaccelerated, providing some additional flexibility for the Fed to support the labor market. For banks, this could bolster credit...
