ABA DataBank: August job growth comes in above expectations
ABA economists view this month’s strong payroll report as a positive catalyst for business and consumer loan demand. The continued...
Economy
ISM: Service sector expanded in August
The ISM Services Index indicated expansion at 55.4%, the 26th consecutive month in expansion territory. A value above 50 reflects...
Mortgage rates rise
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%.
New orders for manufactured goods increased in July
New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6...
ADP: 38,000 jobs added in August
The nonfarm private sector added 38,000 jobs in August, and annual pay was up 4.7% year-over-year, according to the ADP...
Beige Book: Economic activity increased modestly over late summer
Overall economic activity increased modestly since early July, with 10 of the 12 Federal Reserve Districts reporting growth in the...
ABA DataBank: Manufacturing index expands for eighth consecutive month in August
The ABA economists believe the expansion points to the sector’s continued resilience despite rising input costs. Strong manufacturing business activity will continue...
Final: Consumer sentiment fell in August
The University of Michigan Consumer Sentiment Index decreased 6.2% in August compared to the month prior, landing at 51.7, according...
ABA DataBank: U.S. corporate profits reach record high
U.S. corporate profitability reached a record high in Q2 2026, as after-tax profits rose 8.2% to $3.92 trillion or an...
Fed’s Warsh vows to continue inflation fight
Federal Reserve Chairman Kevin Warsh said that the central bank will likely continue to focus on fighting inflation, which continues...
