Personal income increased 0.4%, or $92 billion, in December 2024, the Commerce Department said today. The personal savings rate — a percentage of disposable personal income — was 3.8%. Meanwhile, personal consumption expenditures increased 0.7%, or $133.6 billion.
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.
The rate for a 30-year fixed-rate mortgage was 6.95% this week. The rate for a 15-year fixed-rate mortgage was 6.12%,
