House to wrap up early later this month

The ISM Services Index indicated expansion at 55.4%, the 26th consecutive month in expansion territory. A value above 50 reflects expansion in the services sector while a value below 50 represents a contraction.

Fifty-two state bankers associations expressed strong support for the Federal Communications Commission’s proposals to ensure that all voice service providers in the path of a call take meaningful responsibility for keeping illegal calls off the U.S. calling network.

The rate for a 30-year fixed-rate mortgage was 6.71% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.

If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds will no longer support local lending in the way they previously did, ABA Chair Kenneth Kelly said in...

The ABA Health Savings Account Council voiced its support for legislation that would allow working seniors on Medicare to contribute to HSAs.

New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6 billion, the U.S. Census Bureau reported. This followed a 0.2% decrease in June.