Slowing Economic Growth, Trade Tensions Key Factors in FOMC’s Rate Cut
Slowing domestic and global economic growth, persistent uncertainties about trade and inflation running beneath the Federal Reserve’s 2% target were...
Economy
Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses
Fewer non-employer firms—those without full-time or part-time employees on payroll, which account for 81% of U.S. small businesses—reported profitability in...
Don’t Confuse Branch Closures with Fewer Banking Services
As consumers increasingly access banking services through digital channels, the vast majority of branch closures have been concentrated in well-off...
Consumer Credit Growth Decelerates in June
Consumer credit increased at a seasonally adjusted annual rate of 4.3 percent in June. Total outstanding credit increased $14.6 billion...
ISM: Non-Manufacturing Sector Growth Slowed in July
The ISM Non-Manufacturing Index registered 53.7 points in July, 1.4 percentage points lower than June’s figure. This was the 114th consecutive...
Banks Report Stronger Residential Mortgage Demand
The second quarter saw substantially stronger demand for residential mortgage loans, according to the Federal Reserve’s latest senior loan officer...
ABA Data Bank: As Share of Disposable Income, Credit Card Debt Holds Steady
As a share of disposable income, credit card credit outstanding (seasonally adjusted) eased 3 basis points to 5.40 percent in...
Credit Card Use Moderates in First Quarter
Credit card use moderated in the first quarter of 2019, according to the American Bankers Association’s latest Credit Card Market...
Fed Cuts Interest Rates for First Time Since Financial Crisis
As expected by analysts, the Federal Open Market Committee announced today that it would cut the target rage for the...
FDIC 2019 Risk Review Warns Banks of Credit, Market Risks
The FDIC today flagged high loan concentrations, as well as the interest rate environment and short-term liquidity challenges, as key...
