Browsing: Economy

Economy

The Federal Reserve today released 2017 financial statements — independently audited by KPMG — for the combined system, including the 12 Federal Reserve Banks and the Board of Governors.

Economy

New single-family home sales decreased to a seasonally adjusted annual rate of 618,000 in February, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The February level was 0.6% below the upwardly revised January rate of 622,000 and 0.5% below the February 2017 estimate. Sales declined in two of the

Economy

New orders for manufactured durable goods increased 3.1% in February to $247.7 billion, following a 3.5% January decline, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 7.1% to $83.5 billion over the month. New orders excluding defense increased 2.5% on the month, while orders of nondefense capital goods gained 4.5% to

Community Banking

Bankers’ optimism about the year ahead grew in the fourth quarter of 2017, as tax reform moved toward the finish line and meaningful legislative regulatory reform came into sight, according to Promontory Interfinancial Network’s Bank Confidence Index.

Economy

Industrial production grew 1.1% in February after a downwardly revised 0.3% decrease in January, according to the Federal Reserve. Manufacturing output grew 1.2% after posting a 0.2% decline last month. Production of durable goods increased 1.8%, while nondurable goods production rose 0.7%. Capacity utilization for manufacturing rose 0.9 percentage points to 76.9%, a rate that

Economy

Producer prices increased 0.2% in February, seasonally adjusted, after rising 0.4% in January, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.8% for the twelve months ended February 2017. The index for final demand goods fell 0.1% in February, after increasing 0.7% last month. The index for final demand energy slipped 0.5%,

Economy

There were $492.3 billion in retail and food service sales in February, down 0.1% from the previous month but up 4.0% from February 2017, according to the U.S. Census Bureau. January’s number was upwardly revised to reflect a 0.1% decrease. Core retail sales – excluding automobiles and parts – rose 0.2%. Year-over-year core sales increased

Economy

The Consumer Price Index grew 0.2% in February on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.5% January increase. Over the last 12 months, the all-items index rose 2.2%. Prices for all items less food and energy, the “core CPI,” grew 0.2% in February, following a 0.3% January

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