ABA Data Bank: Mixed Recovery of Consumer Discretionary Spending
While spending on entertainment and transportation is still well below pre-pandemic levels, spending on apparel and merchandise has largely recovered,...
Economy
Durable Goods Orders Rise 0.4% in August
New orders for manufactured durable goods in August increased 1.0 billion or 0.4% to $232.8 billion, according to the U.S....
CFPB: Half of Households Report $3,000 or Less in Savings
More than half of people report their household has $3,000 or less in their savings and checking accounts combined but...
New Home Sales Rise 4.8% in August
New single-family home sales rose to a seasonally adjusted annual rate of 1,011,000 in August, according to the U.S. Census...
Quarles Warns of Downside Risks as Economy Recovers from COVID-19
While the U.S. economy is showing positive signs that a recovery is underway, Federal Reserve Vice Chairman for Supervision Randal...
Existing-Home Sales Rise to Highest Levels Since 2006
Existing-home sales rose by 2.4% in August to a seasonally adjusted annual rate of 6.0 million, according to the National...
Americans Prioritize Saving Since Start of Pandemic
A majority of American have prioritized saving money since the start of the pandemic, according to a new report from...
Fed Survey: Household Financial Conditions Improve Since July, Uncertainty Remains
Household financial conditions improved in July from April but uncertainties about layoffs and returning to work remain, according to a...
Housing Starts Down 5.1% in August
Housing starts decreased to a seasonally adjusted annual rate of 1.416 million in August, according to the U.S. Census Bureau....
Fed Aims for Inflation ‘Moderately Above 2%’
As the coronavirus pandemic continues to cause tremendous human and economic hardship across the country the Federal Reserve will aim...
