Industrial production increased 0.9% in May from the previous month, the Federal Reserve reported Tuesday. The May figure was up 0.4% from a year prior. Manufacturing rose 0.9%, mining increased 0.3% and utility output rose 1.6%.
The GDP second estimate at 1.5% demonstrates resilient private demand; strong increases in real final sales reflect continued appetite for consumer and commercial credit.
The Consumer Confidence Index was 89.4 in August, down from 90.2 in July, the Conference Board said.
Home prices increased 1.5% in June compared to the same month a year ago, up from a 1.2% rise the previous month, according to the S&P Cotality Case-Shiller Index.
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations and would welcome the central bank’s participation, FDIC Chairman Travis Hill said.
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July.
The banking industry reported a return on assets ratio of 1.37% and aggregate net income of $90.1 billion in the second quarter of 2026, an increase of $9.7 billion, or 12%, from the prior quarter, according to the...
