Real GDP decreases 1.5% in first quarter
Real GDP decreased at a seasonally adjusted annual rate of 1.5% during the first quarter…
Browsing: Economy
McHenry discusses supply chain, crypto regulation at economic forum
Rep. McHenry (R-N.C.), ranking House Financial Services Committee member, said a well-regulated space is necessary for the digital asset/cryptocurrency ecosystem.
ABA’s Nichols: Despite economic headwinds, banks are healthy and prepared
While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve.
New orders for manufactured durable goods increase in April
New orders for manufactured durable goods in April increased $1.2 billion or 0.4% to $265.3…
FDIC: Increase in provision expense drives bank net income down
FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year prior, the agency reported yesterday in its Quarterly Banking Profile.
New home sales fall in April
New single-family home sales fell to a seasonally adjusted annual rate of 591,000 in April,…
Fed survey: Americans’ financial well-being improves in 2021
Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. Households released today.
FDIC lookback: banking conditions improved in 2021
The FDIC today said that the banking environment improved in 2021 as the economy recovered from a period of economic hardship the year prior.
ABA Data Bank: Real rates remain deeply negative in US, EU
Despite the Fed tightening monetary policy—increasing the fed funds rate 75 basis points—real rates* remained deeply negative at the end of April, ticking up only 30 bps over the month.
Existing home sales decrease in April
Existing-home sales fell 2.4% in April to a seasonally adjusted annual rate of 5.61 million,…