Author Kerry O'Leary

Kerry O'Leary

Kerry O'Leary is a senior writer at the ABA Banking Journal.

Economy

Economic growth in the U.S. is picking up pace in the final months of 2016 and will continue growing “over the next couple of years,” Federal Reserve Chairman Janet Yellen told the Joint Economic Committee of Congress today. Yellen emphasized steady unemployment rates and “above-trend job growth” as reasons to expect continued “moderate” economic expansion,

Economy

Americans’ expectations for how much more they will spend next year was 3.8 percent in July, an increase from 3.6 in June and 3.5 percent in May, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. The outlook for household income growth over the next year also rose, landing at

Economy

Individuals who have applied for credit are reporting higher approval rates in June than they reported in February, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today, which gauges consumers’ experiences and expectations regarding credit over the previous year. The results show that the share of applicants who received

Economy

Individuals who have applied for credit are reporting higher approval rates in February than they reported in October, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today, which gauges consumers’ experiences and expectations regarding credit over the previous year. The results show that the share of applicants who received

Economy

The U.S. economy will continue to expand, with growth in 2016 forecast to reach 2.3 percent and diminishing risk from global volatility, the ABA Economic Advisory Committee said yesterday. The committee of 15 chief economists at some of the nation’s largest banks said the seven-year expansion is “likely to last at least another couple of

Economy

Americans’ expectations for how much they will spend next year fell in December to 2.9 percent, the lowest level since the survey’s inception in 2013 and down sharply from 3.5 percent in November, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. The outlook for household income growth over the