Personal income increased 0.4%, or $95.7 billion, in August, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 4.6%. Meanwhile, personal consumption expenditures increased 0.6%, or $129.2 billion.
The University of Michigan Consumer Sentiment Index decreased 5.3% in September compared to the month prior, landing at 55.1, according to final results for the month.
Subprime auto loans are regarded as a leading economic indicator, and in August, the delinquency rate rose to 9.3%, nearing the 10% mark.
The Federal Reserve has published an FAQ about what the end of penny production will mean for penny ordering and deposits as coin distribution locations run out of inventory.
The FDIC announced the appointment of five individuals to serve in senior leadership positions, including director of the agency's Division of Risk Management Supervision.
Bank customers who experience fraud are more likely to stay with their institutions if the bank is able to identify the perpetrator, according to a recent study.
The cumulative trading revenue of U.S. commercial banks and savings associations was $16.6 billion in the second quarter of 2025.
