Industrial production increased 0.3 percent in December after rising 0.4 percent in November, according to the Federal Reserve. Capacity utilization was 78.7 percent in December a rate that is 1.1 points below its long-run average (1927-2017). Manufacturing output increased 1.1 percent, its largest gain since February 2018. Production of durable goods increased 2.7 percent, while non durable goods production decreased ...

With thousands of federal employees and government contractors affected by the longest shutdown in U.S. history, America’s banks are working to support these individuals and their families that may be experiencing financial hardship.

Economic activity expanded at a moderate or modest pace across eight of the twelve Federal Reserve Districts, according to the just-released Federal Reserve Beige Book. The report was based on information collected through January 7th. Retail sales reported a bump in the districts as many experienced higher levels of holiday traffic in comparison to the previous year. Manufacturing expanded in ...

About 20 percent of the decline in young adult homeownership rates -- accounting for roughly 400,000 non-homeowners -- can be attributed to rising student loan debts, according to new research published yesterday by the Federal Reserve.

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 58 in January, up two points from December and rebounding from the lowest reading in three years. Home builders cited declining mortgage rates among the chief reasons for the increase. “The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment,” said NAHB Chairman Randy ...

Producer prices declined 0.2 percent in December, seasonally adjusted, after rising 0.1 percent in November, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5 percent on an un-adjusted basis for the twelve months of 2018. The index for final demand goods moved down 0.4 percent in December, mirroring last month’s decline. The index for final demand energy ...

With the government shutdown now in its third week, ABA President and CEO Rob Nichols today called on President Trump and congressional leaders to reopen the government.

The Consumer Price Index dipped 0.1 percent in December on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed no change in November. Over the last 12 months, the all-items index rose 1.9 percent, the first time this index has increased at less than 2 percent since August 2017. Prices for all items less food and ...

The Federal Reserve System paid $65.4 billion out of its annual net income to the U.S. Treasury in 2018, according to figures released today.