Construction Spending Drops in May
Construction spending fell 2.1% at a seasonally adjusted annual rate (SAAR) of $1,356.4 billion in May, according to the Census...
Economy
Manufacturing Sector Rebounds in June
The ISM Manufacturing Index registered 52.6 points in June, an increase of 9.5 percentage points from the May reading of...
ADP: Over 2 Million Jobs Gained in June
The non-farm private sector added 2,369,000 jobs in June, according to the ADP National Employment Report. This follows a revised...
Fed Launches Task Force to Address Coin Shortages During Pandemic
The Federal Reserve announced today that it is forming a task force to address the issue of low coin inventories...
CEOs’ Confidence in Economy Falls Amid COVID-19 Pandemic
Confidence among the nation’s CEOs in the future economic outlook plummeted in the second quarter, reflecting the acute effects of...
Consumer Sentiment Improves in June
Consumer Sentiment increased 8.0 points in June to 78.1, according to the University of Michigan Consumer Sentiment Index. June’s figure...
Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios
All 33 banks participating in the Federal Reserve’s 2020 supervisory stress tests would remain above minimum regulatory capital levels under...
We Were Economic First Responders: The Podcast
From the ABA Banking Journal Podcast team comes the behind-the-scenes story of the Paycheck Protection Program, the largest economic rescue...
Durable Goods Surge in May
New orders for manufactured durable goods in May increased 26.6 billion or 15.8% to $194.4 billion, according to the U.S....
