U.S. Economy Shrank as GDP Declines 0.7 Percent in the First Quarter
U.S. real GDP for the first quarter decreased at a rate of 0.7 percent, according to the second estimate released...
Economy
Consumer Sentiment Falls to 6-Month Low in May
Consumer sentiment declined to 90.7 in May, down 5.2 points from the previous month, according to the University of Michigan...
FDIC: Noninterest Income Drives Rebound in Bank Earnings
FDIC-insured banks and savings institutions earned $39.8 billion in the first quarter, up 6.9 percent from the industry’s earnings a...
Fed Survey Finds Increasing Economic Optimism
Four in 10 U.S. households surveyed last fall said they were somewhat or much better off financially than they had...
New Home Sales Rise 6.8 Percent in April
Sales of new single-family houses in April rose to a seasonally adjusted annual rate of 517,000, according to the U.S....
Home Prices Steadily Increased in March
The 20-City Case-Shiller Compositev Index gained 5 percent year-over-year in March, consistent with February’s gain. The 10-City Composite gained 4.7...
New Orders for Durable Goods Decreased in April
New orders for durable manufactured goods decreased 0.5 percent to $235.5 billion in April, according to the U.S. Census Bureau....
Yellen: Rate Hike Likely This Year, Despite Headwinds
“f the economy continues to improve as I expect, I think it will be appropriate at some point this year...
CPI Increases Despite Lower Energy Prices
The Consumer Price Index increased 0.1 percent in April on a seasonally adjusted basis, as further declines in energy was...
Existing Home Sales Slow in April
Existing home sales declined 3.3 percent to a seasonally adjusted rate of 5.04 million, down from an upwardly revised 5.21...
