FDIC: Deposit rates slowed but remained steady in 2022
Deposit growth rates for the banking industry moderated for the year ending on June 30, 2022, returning to roughly the pre-pandemic average, the FDIC said this week.
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Consumer trust in banks remains high after SVB failure
Following the closure of Silicon Valley Bank, a majority of Americans (70%) said they trust banks to do what is right, according to a new survey by Morning Consult.
Housing starts increased in February
Privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000. This…
Home builder confidence rises in March
The National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) increased 2…
Retail sales decreased in February
There were $697.9 billion in retail and food service sales in February a decrease of…
Producer prices decreased 0.1% in February
The Producer Price Index for final demand decreased 0.1% in February, seasonally adjusted, the U.S.…
Inflation slowed to 6.0% in February
The Consumer Price Index increased 0.4% in January on a seasonally adjusted basis after rising…
The NFIB Small Business Optimism Index increased 0.6 points in January, measuring 90.9.
A seasonally adjusted net 17% planning to create new jobs in the next three months,…
311,000 jobs added in February, unemployment rate at 3.6%
Total nonfarm payroll employment rose by 311,000 in February, according to the Bureau of Labor…
Poll: Corporate CFOs optimistic about economic outlook
More than half of CFOs at large companies expect the North American economy to improve over the next 12 months, although most are also planning for a mild recession, according to a new survey by consulting firm Deloitte.