Fed Holds Interest Rates Steady
As expected by economists, the Federal Open Market Committee today voted unanimously to hold the target range for the federal...
Economy
Durable Goods Orders Rose 2.4% in December
New orders for manufactured durable goods increased 2.4% in December to $245.5 billion, following a 3.1% November decrease, according to...
New Home Sales Tick Down 0.4 Percent, But Are Up 23% From December 2018 Estimate
New single-family home sales fell to a seasonally adjusted annual rate of 694,000 in December, according to the U.S. Census...
The Demographic Hurricane Makes Landfall
U.S. birth and marriage rates—and the life expectancy of its young people—are falling. How should banks respond to America’s demographic...
Existing Home Sales Increase in December
Existing-home sales increased by 3.6% from November to a seasonally adjusted annual rate of 5.54 million in December, according to...
Industrial Production Declined 0.3 percent in December
Industrial production decreased 0.3% in December after rising 0.8% in November. For the fourth quarter as a whole, the index...
Housing Starts Increased in December
Housing starts increased to a seasonally adjusted annual rate of 1.608 million in December, according to the U.S. Census Bureau....
Retail Sales Up 0.3 Percent in December
There was $529.6 billion in retail and food service sales in December, up 0.3% from the previous month and 5.8%...
Bank Economists Anticipate Moderating Growth, Stable Interest Rates in 2020
The nation’s top bank economists forecast continued economic growth that would support job growth and wage gains in 2020 and...
