ABA DataBank: AI credit risk is rising
The cost of insuring against losses on the debt of hyperscalers and chipmakers that are fueling the AI build-out has...
Economy
Mortgage rates drop
The rate for a 30-year fixed-rate mortgage was 7.24% this week. The rate for a 15-year fixed-rate mortgage was 6.6%.
ABA DataBank: Private investment fuels Q3 GDP Growth
Persistent investment in AI infrastructure and resilient consumer spending continue to support economic activity.
ABA DataBank: Inflation moves further away from target
September PCE data highlights the strength of aggregate demand and the persistence of inflationary pressures, with sustained energy price increases...
FOMC to reduce votes on setting rates in 2027
Starting next year, the Federal Open Market Committee will hold one less vote annually to set monetary policy, Federal Reserve...
FOMC holds rates steady
The Federal Open Market Committee voted to maintain the target range for the federal funds rate at 3.75% to 4%,...
ABA DataBank: Home purchase cancellations near record highs
Home purchase cancellations rose to 14.5% of pending sales in September, the highest rate on record outside the early months...
Final: Consumer sentiment decreased slightly in October
Consumer sentiment decreased 0.2% month over month in October to 48, and was down 10.4% from one year ago, according...
The real value of bank deposits goes beyond yield
Bank deposits deliver different — and more — value than stablecoins do. Comparing them on only one dimension obscures the...
Mortgage rates dip after seven weeks of gains
The 15-year fixed-rate mortgage also declined, to 6.68% from 6.71% last week, compared with 5.44% one year ago.
