Second quarter GDP (Third Estimate) increases 2.1%
Real GDP grew at an annual rate of 2.1% in the second quarter of 2023,…
Browsing: Economy
New home sales decreased in August
New single-family home sales decreased to a seasonally adjusted annual rate of 675,000 in August,…
ABA: Bank economists see weakening credit conditions through end of 2024
Credit quality and availability will weaken over the next six months for both consumers and businesses, according to the latest Credit Conditions Index from ABA’s Economic Advisory Committee.
Fed’s Bowman says further rate hikes likely
The Federal Open Market Committee will likely need to continue raising the federal funds rate to meet its goal of returning inflation to its 2% target, Federal Reserve Governor Michelle Bowman said.
Existing home sales declined 0.7% in August
Existing-home sales fell 0.7% in August to a seasonally adjusted annual rate of 4.04 million,…
FOMC keeps rates unchanged
The Federal Open Market Committee today announced it would maintain the target range for the…
Federal Reserve leaves rates untouched
The Federal Open Market Committee announced that it would not raise the federal funds rate, leaving the target range at 5.25% to 5.5%.
Housing starts decreased in August
Housing starts decreased to a seasonally adjusted annual rate of 1.283 million in August, according…
Home builder confidence falls in September
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) declined 5 points…
Researchers find regulator communication may ease bank runs
Information provided by Federal Reserve and FDIC regulators can reduce the likelihood of depositors pulling their money following a bank run, but that same information coming from politicians is likely only to affect their electoral base, according to a new analysis.