ABA Data Bank: Deposits Continued to Flow Into Banks in Q2 2021
Deposits at U.S. banks increased $228 billion (1.3%) in the second quarter, according to data from S&P Global. Seasonally adjusted...
Economy
Consumer Sentiment Falls in August
Consumer Sentiment was 70.3 in August according to the University of Michigan Consumer Sentiment Index. August’s figure was 10.9 points...
Powell: Fed Could Begin Tapering Asset Purchases Before Year-End
In a highly anticipated speech at the Federal Reserve’s Jackson Hole economic symposium today, Fed Chairman Jerome Powell signaled that...
The Ghost of Thomas Jefferson
How Jefferson’s skepticism about central banking was woven into the fabric of the U.S. financial regulatory system.
GDP Increases in Second Quarter Revised Estimate
Real GDP increased at a seasonally adjusted annual rate of 6.6% during the second quarter of 2021, according to the...
New Orders for Durable Goods Decrease in July
New orders for manufactured durable goods in July decreased 0.4 billion or $0.1% to $257.2 billion, the U.S. Census Bureau...
New Home Sales Rise in July
New single-family home sales rose to a seasonally adjusted annual rate of 708,000 in July, according to the U.S. Census...
Existing-Home Sales Rise in July
Existing-home sales rose 2.0% in July to a seasonally adjusted annual rate of 5.99 million, according to the National Association...
ABA Data Bank: International Container Shipping Freight Rates Skyrocket
Continued supply-chain constraints have driven shipping costs to record highs. The average price to ship a 40-foot container from China...
FOMC: Delta Variant Posing ‘Downside Risks’ to Economic Outlook
Slowing vaccination rates and the spread of the Delta variant pose “downside risks” to the economic outlook, according to members...
