At a Standstill? The Debate over ‘Secular Stagnation’
Are there prospects for growth in the U.S. economy?
Browsing: Economy
GDP Growth Falls Sharply to 0.2 Percent
Real GDP growth fell sharply in the third quarter, growing at a 0.2 percent seasonally adjusted annual rate according to the Bureau of Economic Analysis’s advance estimate.
Home Prices Rose in February
The 20-City Case-Schiller Composite gained 5.0% year-over-year in February, compared to a 4.5% increase in January.
Durable Goods Orders Rebound in March
After falling 1.4 percent in February, new orders for durable manufactured goods increased by 4.0 percent in March, according to the U.S. Census Bureau.
New Home Sales Drop in March after February High
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 481,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.
Existing Home Sales Accelerate in March
Existing home sales rose 6.1 percent in March to a seasonally adjusted annual rate of 5.19 million, the highest annual rate in 18 months.
Energy and Shelter Drive CPI Monthly Increase
The Consumer Price Index rose 0.2 percent in March on a seasonally adjusted basis, driven by increases in energy and shelter. Over the last 12 months, the CPI declined 0.1 percent before seasonal adjustment.
Keating Shares Banking Perspective in NYC Interviews
ABA President and CEO Frank Keating offered perspective on a wide range of issues — from banking regulation, interest rate increases and the low labor force participation rate to the Meerkat app and presidential politics — in interviews with New York City media outlets yesterday.
Consumer Delinquencies Tick Up, Still Near Historic Lows
Delinquencies in closed-end loans and bank cards rose slightly in last year’s fourth quarter but remain near record lows, according to the ABA Consumer Credit Delinquency Bulletin that was released today.