Economy
Keating Talks Rate Hikes, Global Economy on CNBC
ABA President and CEO Frank Keating appeared on CNBC’s “Squawk on the Street” program on Friday to discuss the Fed's...
Yellen Expects First Rate Hike by Year’s End
Citing improved labor market conditions, growing consumer spending and reduced “drag” from government fiscal policies, Federal Reserve Chairman Janet Yellen...
Consumer Delinquencies Dip in First Quarter
Delinquencies in closed-end loans and bank cards edged down in the first quarter, driven by large declines in home loan-related...
Consumer Credit Grows 5.7 Percent in May
Consumer credit increased at a seasonally adjusted annual rate (SAAR) of 5.7 percent in May to $3.40 trillion.
FOMC Minutes: Fed Cautiously Optimistic about Economy
Though several members agreed that the U.S. economy is moving towards their objectives, the Federal Open Market Committee (FOMC) in...
U.S. Foreign Trade Deficit Expands in May
The U.S. international trade deficit widened in May to $41.9 billion, up $1.2 billion from April. The increase reflects a...
Non-Manufacturing ISM Index Grows Slowly in June
The Non-Manufacturing ISM Report on Business Index was 56 in June, 0.3 points higher than in May. (Index readings above...
New Orders Decreased in May
New orders for manufactured goods fell 0.1 percent in May to $470.5 billion, the Commerce Department said today. The decline...
223,000 More Jobs in June
The U.S. economy added 223,000 non-farm jobs in June, the Labor Department said today.
