Retail sales increased 0.7% in July
There were $696.4 billion in retail and food service sales in July, up 0.7% from the previous month and 3.2%...
Economy
How the rating agencies missed the mark: Reassessing recent analyses of the banking sector
In light of the August 2023 downgrade by Moody’s of several US banks, as well as commentary by Fitch Ratings...
Bank survey: Consumers more cautious with discretionary spending, credit card choice
Four out of five U.S. consumers have had their spending habits affected by inflation, with more than half turning to...
FOMC minutes: Members split on need for most recent rate increase
Federal Open Market Committee members were somewhat divided about the need to once again raise the federal funds rate, although...
Producer price index increased 0.3% in July
The Producer Price Index for final demand increased 0.3% in July seasonally adjusted, the U.S. Bureau of Labor Statistics reported...
CPI rose 0.2% in July
The Consumer Price Index rose 0.2% in July on a seasonally adjusted basis, the same increase as in June, the...
U.S. international trade deficit decreases in June
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
The NFIB Small Business Optimism Index increased 0.9 of a point in July, measuring 91.9.
Seasonally adjusted net 17.0% planning to create new jobs in the next three months, but up 2 points from June....
Consumer credit increases in June
Consumer credit increased at a seasonally adjusted annual rate of 4% in June and 1.8% in May. Total outstanding credit...
187,000 jobs added in July, unemployment rate at 3.5%
Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5%. Job gains occurred...
