Powell: ‘Patience’ to Characterize Fed’s Monetary Policy Approach
estifying before House lawmakers today, Federal Reserve Chairman Jerome Powell maintained that the Fed’s overall monetary policy stance remains “appropriate”...
Economy
Producer Prices Rose 1.0% in June
The Producer Price Index for final demand increased 1.0% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported...
Beige Book: Economy Continues to Strengthen
The economy strengthened further from May to early July, displaying moderate to robust growth with bank lending activity increasing slightly...
Consumer Prices Rise in June
The Consumer Price Index increased 0.9% in June on a seasonally adjusted basis, according to the U.S. Bureau of Labor...
Small Business Optimism Rises in June
The NFIB Small Business Optimism Index increased 2.9 points in June, measuring 102.5, the first time the index exceeded 100...
Consumer Credit Growth Increased in May
In May, consumer credit increased at a seasonally adjusted annual rate of 10.0%. Revolving credit decreased at an annual rate...
FOMC: Economic Activity Expanding at ‘Historically Rapid Pace’
Led by gains in consumer spending, economic activity is expanding at a historically rapid pace, according to members of the...
ISM: Service Sector Growth Continues in June
The ISM Services Index registered 60.1% in June; 3.9 percentage points lower than the May reading of 64%. This reading...
692,000 Jobs Gained in June
The non-farm private sector gained 692,000 jobs in June, according to the ADP National Employment Report. This follows a revised...
ABA Chief Economist: Banks in ‘Good Shape’ to Support Recovery
As the economy recovers from the effects of COVID-19, “financial institutions are in good shape” to continue providing credit to...
