Homebuilder confidence in the market for newly built single-family homes fell four points to 34 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
The index gauging current sales conditions fell four points to 37, the index measuring future sales dropped seven points to 42, and the gauge charting traffic of prospective buyers declined three points to 22.
Overall economic activity increased at a slight to moderate pace in eight of the 12 Federal Reserve districts in recent months, with two districts reporting little change and the remaining two reporting slight to modest declines, the Fed...
The Producer Price Index for final demand increased 0.5% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.
The FDIC has appointed community banker Trey Maust as chief innovation officer. In his new position, Maust will promote the adoption of innovative technologies within the agency and across the financial services sector.
The sharp drop in optimism and increase in uncertainty can be tied to the concerns around the impact of the conflicts in the middle east and the effects on supply chains like energy, chemicals and fertilizers.
Proposed acquisitions announced of banks in Texas, Kansas and Louisiana.
