FOMC minutes show uncertainty about inflation
While most participants at the Federal Open Market Committee’s July meeting believe inflation will ease as the effects of tariffs...
Economy
Survey finds satisfaction gap among credit card holders
The average U.S. credit card spend rose $109 since last year, reflecting financial strength for some customers and mounting financial...
NAR: Pending home sales dipped in July
Pending home sales in July decreased by 2.3% month-over-month and 2.2% year-over-year, according to the National Association of Realtors.
Industrial production grew in July
Industrial production and manufacturing production each grew 0.2% in July after growing 0.3% in June, according to the Federal Reserve.
Housing starts fell in July
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1.239 million, which was 12.4% below the...
Preliminary: Consumer sentiment fell in August
The University of Michigan Consumer Sentiment Index decreased 7.6% in August compared to the month prior, landing at 51, according...
ABA DataBank: Consumers tap home equity as housing values rise
Total home equity lines of credit (HELOC) reached $446 billion in Q1 2026, up 35.3% since hitting a trough in...
Mortgage rates tick down
The rate for a 30-year fixed-rate mortgage was 6.67% this week. The rate for a 15-year fixed-rate mortgage was 5.96%.
ABA DataBank: July CPI edges down to 3.4%
The ABA Office of the Chief Economist believes that this month’s inflation reading marks continued normalization in price growth, but...
Economic Outlook: Understanding deposit growth in the modern banking era
Sharp shifts in deposit mix and funding composition are giving way to more familiar patterns across the banking industry.
