Manufacturing Sector Growth Continues in September
The ISM Manufacturing Index registered 55.4 points in September, a decrease of 0.6 percentage points from the August reading of...
Economy
For Community Banks, COVID-19 Brings Existential Concerns to Fore
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday...
Podcast: Plotting the Future Path of the CRE Sector
Commercial real estate has faced substantial headwinds from stay-at-home orders and changing consumer behavior, and in many cases CRE has...
ADP: 749,000 Jobs Gained in September
The non-farm private sector added 749,000 jobs in September, according to the ADP National Employment Report. This follows a revised...
Fed Survey: Even When Eligible for MSLP, Borrowers Go Outside Program
Even when applicants are eligible for the Federal Reserve’s Main Street Lending Program, participating banks made just a tiny fraction...
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,...
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...
