Construction spending increases in June
Construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% above the revised...
Economy
FDIC: Banks remain resilient but face lending, operational risks
The banking industry demonstrated resilience despite weaker economic conditions, sharply higher interest rates, high inflation and financial market stress in...
ABA Data Bank: CPI inflation rose 3.2% year-over-year in July
Annual inflation ticked up slightly to 3.2% in July, up from 3.0% in June. This was largely due, however, to...
Report finds bankcard balances continue to grow
The average balance on U.S. bankcards has grown over the past year, as has the pace of customers entering delinquency,...
New York Fed: CDFI assets tripled in five years
Assets held by community development financial institutions tripled in the last five years, reaching at least $452 billion in the...
New York Fed: Household debt held at $17 trillion in Q2
Total household debt increased slightly by $16 billion, or 0.1%, to $17.06 trillion in the second quarter of 2023, according...
Fed’s Harker suggests holding rates at current level
The economy may have reached the point where the Federal Open Markets Committee can hold off further increases in the...
Fed’s Bowman: Further rate hikes likely
Additional increases in the federal funds rate will likely be needed to lower inflation to the Federal Reserve’s 2% goal,...
More than meets the eye: Continued opportunities in commercial real estate
Given the diversity of the CRE sector, banks should not be painted with the broad brush of urban office space...
ISM Manufacturing increases in July
The U.S. manufacturing sector decreased in July, Manufacturing PMI® registered 46.4%, 0.4 percentage point higher than the 46% recorded in...
