Economy

Consumer credit increased at a seasonally adjusted annual rate of 4.2% in July. Total outstanding credit increased to $5,186.2 trillion...

ABA economists believe that small-business owners remain cautiously optimistic amid a mixed operating environment and that conditions could lead to...

ABA economists view this month’s strong payroll report as a positive catalyst for business and consumer loan demand. The continued...

The ISM Services Index indicated expansion at 55.4%, the 26th consecutive month in expansion territory. A value above 50 reflects...

The rate for a 30-year fixed-rate mortgage was 6.71% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.

New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $5.8 billion or 0.9% to $663.6...

The nonfarm private sector added 38,000 jobs in August, and annual pay was up 4.7% year-over-year, according to the ADP...

Overall economic activity increased modestly since early July, with 10 of the 12 Federal Reserve Districts reporting growth in the...

The ABA economists believe the expansion points to the sector’s continued resilience despite rising input costs. Strong manufacturing business activity will continue...

The University of Michigan Consumer Sentiment Index decreased 6.2% in August compared to the month prior, landing at 51.7, according...