Biden Taps Former Fed Chair Yellen for Treasury Secretary
President-Elect Joe Biden today announced that he will nominate former Federal Reserve Chair Janet Yellen to serve as Treasury secretary....
Economy
Consumer Sentiment Falls in November
Consumer Sentiment declined in November to 76.9, according to the University of Michigan Consumer Sentiment Index. November’s figure is 21.7...
New Home Sales Fall 0.3 Percent, But Are Up 42% From October 2019 Estimate
New single-family home sales were at a seasonally adjusted annual rate of 999,000 in October, according to the U.S. Census...
Durable Goods Orders Increased 1.3% in October
New orders for manufactured durable goods in October increased 3.0 billion or 1.3% to $240.8 billion, according to the U.S....
ABA Data Bank: U.S. Households Continue to Manage Debt Levels in Q3
The share of household debt to disposable income remained well below the historical average in the third quarter of 2020,...
Treasury Seeks to Wind Down Emergency Credit Facilities
With several emergency credit facilities created to respond to the COVID-19 emergency scheduled to wind down by year’s end, Treasury...
Bowman: Nonbank Mortgage Regulatory Framework Needs Work
Federal Reserve Governor Michelle Bowman said in a speech today that regulators need to revisit the regulatory framework for nonbank...
Existing-Home Sales Rise 4.3% in October
Existing-home sales rose by 4.3% in October to a seasonally adjusted annual rate of 6.85 million, according to the National...
OFR Flags Macroeconomic, Credit Risk in Annual Report
The Office of Financial Research flagged macroeconomic risk and credit risk as top areas of concern as the nation continues...
Housing Starts Up 4.9% in October
Housing starts increased to a seasonally adjusted annual rate of 1.530 million in October, according to the U.S. Census Bureau....
