Browsing: Economy

Economy

The Consumer Financial Protection Bureau today released a new web-based tool to help consumers monitor developments in consumer lending markets, including mortgage, credit cards, auto loans and student loans.

Economy

The Federal Reserve Board today finalized a rule on how much total loss absorbing capacity, or TLAC, the eight U.S. global systemically important banks are required to hold.

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 70 in December, a 7 point increase from November and the highest reading in over a decade. “Though this significant increase in builder confidence could be considered an outlier, the fact remains that the economic fundamentals continue to look good for housing,” said

Economy

The Consumer Price Index increased 0.2% in November on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 1.7%. Prices for all items less food and energy, increased 0.2% in November, up from a 0.1% increase in October. The index rose 1.7% for the 12 months ending in November. The food

Economy

The Federal Reserve Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate by 25 basis points to 0.50 to 0.75 percent. Today’s widely expected move marked the first change in the federal funds rate since it was increased by a quarter percentage point in December 2015. The projected

Economy

Producer prices increased 0.4% in November, seasonally adjusted, after remaining unchanged in October, according to the U.S. Bureau of Labor Statistics. Year over year, producer prices have risen 1.3%, which is the largest 12-month rise since November 2014 (1.3%). The index for final demand goods rose 0.2% in November after also rising in October. The

Economy

There were $465.5 billion in retail and food service sales in November, up 0.1% from the previous month and 3.8% from November 2015, according to the U.S. Census Bureau. Core retail sales – excluding automobiles and parts – increased 0.2% after rising 0.6% in October. Year-over-year core sales increased 3.9%. Retail trade sales were unchanged

Economy

Industrial production fell 0.4% in November after rising 0.1% in October. Over the last year, industrial production is down by 0.6%. Manufacturing output declined 0.1% in November after also climbing 0.3% in October. Production of durable goods decreased by 0.3%, while nondurable goods production rose 0.3%. Capacity utilization for manufacturing decreased by 0.1 percentage point

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