Consumer Sentiment Rises Slightly in August
Consumer Sentiment increased 2.2 points in August to 74.1, according to the University of Michigan Consumer Sentiment Index. August’s figure...
Economy
Fed Updates Monetary Policy in Response to Low Inflation, Employment Trends
The Federal Open Market Committee today revised its monetary policy statement and long-run goals to reflect the challenges of operating...
Durable Goods Orders Rise 11% in July
New orders for manufactured durable goods in July increased 23.2 billion or 11.2% to $230.7 billion, according to the U.S....
FDIC: Bank Profits Fall amid Ongoing Pandemic; Community Bank Income Grows
FDIC-insured banks and savings institutions earned $18.8 billion in the second quarter of 2020, a 70% decline from a year...
New Home Sales Rise 13.9% in July
New single-family home sales rose to a seasonally adjusted annual rate of 901,000 in July, according to the U.S. Census...
Employment and Health Effects from COVID-19 Containment Measures
As new data has emerged, it appears that states that were faster to reopen saw increased coronavirus spread with uneven...
Existing-Home Sales Soar 24.7% in July
Existing-home sales rose by a record 24.7% in July to a seasonally adjusted annual rate of 5.86 million, according to...
FOMC Minutes Highlight Uncertainty about Economic Path Due to Virus
Certain segments of the economy were beginning to show improvement in recent days, but the trajectory of the economy overall...
Housing Starts Up 22.6% in July
Housing starts increased to a seasonally adjusted annual rate of 1.496 million in July, according to the U.S. Census Bureau....
Home Builder Confidence Matches All-Time High in August
The National Association of Home Builders/Wells Fargo Housing Market Index increased to 78 in August, its highest reading in the...
