PNC's Christmas Price Index, which tracks the cost of a full set of every gift in "The Twelve Days of Christmas," rises 1.2 percent to $39,094.93.

Industrial production increased 0.6 percent in November after falling 0.2 percent in October, according to the Federal Reserve. Capacity utilization was 78.5 percent in November, a rate that is 1.3 points below its long-run average. Manufacturing output was unchanged after declining 0.1 percent last month. Production of durable goods increased 0.2 percent, while nondurable goods production decreased 0.2 percent. Capacity ...

There were $513.5 billion in retail and food service sales in November, up 0.2 percent from the previous month and 4.2 percent from November 2017, according to the U.S. Census Bureau. October’s figure was revised down up 1.1 percent. Core retail sales – excluding automobiles and parts – rose 0.2 percent. Year-over-year core sales increased 4.9 percent. Retail trade sales ...

In an interview in the Novantas Review -- a publication by the consulting firm Novantas -- ABA Chief Economist James Chessen offered his thoughts on the state of the banking industry and the U.S. economy, and the opportunities and challenges that 2019 will bring.

While banks continued to see deposit growth over the past year, it lagged five-year averages at both community banks and non-community banks, according to the latest issue of the FDIC Quarterly.

Nonemployer firms -- those without full-time or part-time employees on payroll -- said that meeting operating expenses and accessing credit were their top financial challenges, according to a new report today by the Federal Reserve Banks of New York, Cleveland and Richmond.

Commercial banks reported total trading revenue of $7.1 billion in the third quarter of 2018, up 2.7 percent from the second quarter, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.

The Consumer Price Index was unchanged in November on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.3 percent October increase. Over the last 12 months, the all-items index rose 2.2 percent, up from last month’s 2.1 percent increase. Prices for all items less food and energy, the “core CPI,” grew 0.2 percent in ...

Producer prices increased 0.1 percent in November, seasonally adjusted, after increasing 0.6 percent in October, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5 percent for the twelve months ended November 2018. The index for final demand goods decreased 0.4 percent in November, the largest decline since May 2017. The index for final demand energy fell 5.0 ...

The NFIB Small Business Optimism Index fell to 104.8, 2.6 points below October’s reading. Twenty-nine percent of business owners surveyed said the next three months was a good time to expand, one point lower than last month’s reading. Reported job creation was unchanged, as 60 percent of businesses reported hiring or trying to hire. However, 53 percent reported few or ...