New York Fed: Consumer inflation expectations held steady in May
Consumer household inflation expectations in May decreased at the short-term horizon and remained unchanged at the medium- and longer-term horizons,...
Economy
Consumer credit increased in April
Consumer credit increased at a seasonally adjusted annual rate of 4.8% in April.
ABA DataBank: Average maturity for used car loans remains elevated
Used-car loan term lengths remain near historically elevated levels, suggesting some borrowers are stretching repayment periods to manage higher vehicle...
ABA names 2026 Banking Research Dissertation Grant recipient
ABA announced Jacob Moore as the recipient of its 2026 ABA Banking Research Dissertation Grant. The program provides economics or...
ABA DataBank: Job market heats up for the summer
ABA economists see evidence of a strengthening labor market that continues to grow despite price pressures. Job market strength should...
Mortgage rates drop
The rate for a 30-year fixed-rate mortgage was 6.48% this week. The rate for a 15-year fixed-rate mortgage was 5.79%
Bank economists: Credit conditions expected to hold stable over next six months
While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds...
New orders for manufactured goods rose 8% in April
New orders for manufactured goods in April, up five of the last six months, increased $30.1 billion or 4.8% to...
ADP: 122,000 jobs added in May
The non-farm private sector added 122,000 jobs in May, and annual pay was up 4.4% year-over-year, according to the ADP...
ABA DataBank: Services activity remains strong despite rising input costs
Overall activity remained in expansion and is firmly above year-ago levels. Strong services business activity will continue to support loan...
