Second Quarter GDP Grew 4.1 percent
Real GDP grew at a seasonally adjusted annual rate of 4.1 percent during the second quarter of 2018, according to the Bureau of Economic Analysis’s “advance” estimate, up from 2.2 percent in the first quarter.
Real GDP grew at a seasonally adjusted annual rate of 4.1 percent during the second quarter of 2018, according to the Bureau of Economic Analysis’s “advance” estimate, up from 2.2 percent in the first quarter.
Consumer Sentiment decreased a mere 0.3 points in July to 97.9, according to the University of Michigan Consumer Sentiment Index. July’s figure is 4.8 percent above the July 2017 index.
Credit card use in the first quarter of 2018 declined from the previous quarter, according to the latest edition of ABA’s Credit Card Market Monitor released today.
New orders for manufactured durable goods increased 1.0 percent in June to $251.9 billion, following a 0.6 percent May decline, according to the U.S. Census Bureau. Transportation equipment led the increase, rising 2.2 percent to $87.7 billion over the month. New orders, excluding the transportation sector, rose 0.4 percent. Excluding defense, new orders increased 1.5
The Treasury Department on Monday submitted to the Office of Management and Budget the first group of proposed regulations related to a provision of the tax reform bill that established a 20 percent deduction for pass-through entities, including Subchapter S corporations.
New single-family home sales increased to a seasonally adjusted annual rate of 631,000 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
The CFTC today announced plans to update an outdated rule on securities futures products that will affect exchanges listing SFPs.
A look back at the housing market in the years since the recession and a preview of what’s to come for the rest of 2018.
Existing-home sales decreased 0.6 percent to a seasonally adjusted annual rate of 5.38 million in June, according to the National Association of Realtors (NAR). This followed a 0.4 percent decline in May. Sales are 2.2 percent below the June 2017 level. “There continues to be a mismatch since the spring between the growing level of
As banks prepare to implement the Current Expected Credit Loss standard, ABA on Friday called on financial regulators to provide for a complete and ongoing adjustment of common equity tier 1 capital for the effects of CECL until a new capital regime can be finalized.