Existing home sales increased 3.1% in January
Existing home sales increased 3.1% in January to a seasonally adjusted annual rate of 4 million, the National Association of...
Economy
FOMC minutes: Members remain cautious about lowering rates
During their most recent meeting in January, most members of the Federal Open Market Committee remained concerned about easing monetary...
ABA: Bank economists express cautious optimism about credit conditions
While bank economists expect credit conditions to continue to weaken compared to the extremely strong position of the last few...
Banking agencies: Shared National Credit quality remains moderate
Credit quality associated with large, syndicated bank loans remains moderate, federal banking agencies said in the 2023 Shared National Credit...
Consumer sentiment rises in February
The University of Michigan Consumer Sentiment Index increased 0.8% in February compared to the month prior, landing at 79.6.
Producer price index increased 0.3% in January
The Producer Price Index increased 0.3% in January from the previous month, the Labor Department reported.
Housing starts fall in January
Housing starts decreased by 14.8% in January from the month prior to a seasonally adjusted annual rate of 1.33 million,...
Industrial production decreased 0.1% in January
Industrial production declined 0.1% in January from the previous month, the Federal Reserve reported.
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.77% this week, up from last week when it averaged 6.64%.
Retail sales decreased 0.8% in January
Retail and food service sales for January were $700.3 billion, down 0.8% from the previous month, the Commerce Department said.
