International trade deficit increased by $23 billion in May
The May increase in the goods and services deficit reflected an increase in the goods deficit of $23.6 billion to...
Economy
New York Fed: Consumer inflation expectations rose in June
Perceptions about households’ current financial situations compared to a year ago improved, with a smaller share of households reporting a...
ABA DataBank: Services sector continues to expand with rebound in employment
For banks, continued growth in services and expansion in employment should support commercial and industrial lending, particularly among service-oriented small...
Fed: Noncash payments continue to grow, credit cards more frequently used
The number of noncash payments more than tripled since 2000, with credit cards now outpacing debit cards in growth in...
ABA DataBank: 2026 Fourth of July cookout
As Americans prepare to celebrate the Fourth of July, the cost of a traditional cookout averages $73.82 for 10 people...
Warsh weighs in on Fed independence, inflation
Federal Reserve Chairman Kevin Warsh said the public will “see no changes” in Fed independence and that prices remain “too...
Construction spending edged up 0.1% in May
Construction spending during May 2026 was estimated at a seasonally adjusted annual rate of $2,210.2 billion, 0.1% above the April...
ABA DataBank: ISM Manufacturing PMI remains in expansion
The ABA Office of the Chief Economist believes the manufacturing sector’s sixth consecutive month of expansion points to the sector’s continued...
ADP: 98,000 jobs added in June
The non-farm private sector added 98,000 jobs in June, and annual pay was up 4.4% year-over-year, according to the ADP...
Consumer confidence rose in June
The Consumer Confidence Index was 91.2 in June, up from a downwardly revised 90.6 in May, the Conference Board said.
