Industrial production decreased 0.1% in January
Industrial production declined 0.1% in January from the previous month, the Federal Reserve reported.
Economy
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.77% this week, up from last week when it averaged 6.64%.
Retail sales decreased 0.8% in January
Retail and food service sales for January were $700.3 billion, down 0.8% from the previous month, the Commerce Department said.
Home builder confidence rises in February
Builder confidence in the market for single-family homes rose four points in February to 48, according to the National Association...
NFIB Small Business Optimism Index decreased two points in January
A seasonally adjusted net 14% of business owners planned to create new jobs in the next three months, down ttwo...
CPI rose 0.3% in January
The Consumer Price Index rose 0.3% in January after rising slightly the month before, increasing 3.1% over the past year.
New York Fed: Consumer inflation expectations hold steady
Consumer inflation expectations in January remained unchanged at the short- and longer-term horizons and declined slightly at the medium-term horizon,...
Fed’s Bowman: Cumulative regulation is one of ‘greatest threats’ to community banks
One of the “greatest threats” to the community banking business model is the “cumulative impact” of new regulations and “changed...
Survey: Consumers believe economy needs banks of all sizes
A majority of American consumers agree that having banks of all sizes operating in the U.S. is an advantage or...
ABA Data Bank: Younger adults outpace other age groups in wealth growth
Real wealth has increased for all age groups since 2019, but the change has been most dramatic for individuals aged...
