Industrial production dropped 0.5% in March from the previous month, the Federal Reserve reported. The March figure was up 2.4% from a year prior. Manufacturing declined 0.1% in March, mining fell 1.2% and utility output slipped 2.3%.
The University of Michigan Consumer Sentiment Index decreased 6.2% in August compared to the month prior, landing at 51.7, according to final results for the month. Sentiment was down 11.2% year over year.
FinCEN proposed a new rule to cut off a branch of an Egyptian bank from the U.S. financial system as part of the Trump administration’s effort to economically isolate Iran.
U.S. corporate profitability reached a record high in Q2 2026, as after-tax profits rose 8.2% to $3.92 trillion or an inflation-adjusted $2.78 trillion, up from $3.62 trillion (inflation-adjusted $2.57 trillion) in Q1.
The CFPB was temporarily unable to perform some of its statutory duties because of Trump administration stop-work orders, according to a new report by the Federal Reserve Office of Inspector General. The office also concluded that the administration's...
Federal Reserve Chairman Kevin Warsh said that the central bank will likely continue to focus on fighting inflation, which continues to remain persistently above the Fed’s 2% target.
The FDIC issued a final interim rule to update its regulations on reciprocal deposits to conform with housing legislation recently passed by Congress.
