Browsing: Economy
Industrial Production Declined 0.3 percent in December
Industrial production decreased 0.3% in December after rising 0.8% in November. For the fourth quarter…
Housing Starts Increased in December
Housing starts increased to a seasonally adjusted annual rate of 1.608 million in December, according…
Retail Sales Up 0.3 Percent in December
There was $529.6 billion in retail and food service sales in December, up 0.3% from…
Bank Economists Anticipate Moderating Growth, Stable Interest Rates in 2020
The nation’s top bank economists forecast continued economic growth that would support job growth and wage gains in 2020 and beyond.
Bowman Concerned About Community Banks’ Exit from Mortgage Markets
Speaking to attendees at a mortgage industry event in Kansas City, Missouri, today, Federal Reserve Governor Michelle Bowman expressed optimism about the trajectory of the housing market but raised concerns about the declining number of community banks remaining in the consumer real estate mortgage market.
Home Builder Confidence Starts Year Strong
The National Association of Home Builders/Wells Fargo Housing Market Index declined to 75 in January,…
Bank Card Delinquencies Fall in Third Quarter
Bank card delinquencies fell in the third quarter of 2019, although they rose in several closed-end loan categories, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
Boston Fed President: Low Inflation Could Drive Reach for Yield
While the economic outlook in the near term remains positive, persistently low interest rates and continued economic growth could encourage investors to take chase yield by taking on more risk, Federal Reserve Bank of Boston President and CEO Eric Rosengren cautioned today.
ABA Data Bank: Where the New Jobs Are
The U.S. economy added 22.6 million net jobs in the 2010s.