Housing starts increased in April
Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,401,000. This is 2.2% above the revised...
Economy
ABA Banking Snapshot: U.S. banks remain healthy and strong
The latest federal data show the banking industry remains well-capitalized, highly liquid and prepared to weather economic headwinds, according to...
MVB Financial, IFHI terminate merger
MVB Financial in Fairmont, West Virginia, and Integrated Financial Holdings in Raleigh, North Carolina, have terminated MVB’s proposed purchase of...
Home builder confidence rises in May
The National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) increased 5 points to 50 in May....
Industrial production increased in April
Industrial production rose 0.5% in April. Total industrial production in April was 0.2% higher than its year-earlier level. Manufacturing output...
Retail sales increased in April
There were $686.1 billion in retail and food service sales in April an increase of 0.4% from the previous month...
Producer prices increased 0.2% in April
The Producer Price Index for final demand advanced 0.2% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported...
Consumer sentiment falls in May
Consumer sentiment decreased this month, declining by 5.8 index points from April. Sentiment is now about 0.7 points lower from...
Fed: U.S. Banking system sound, resilient despite recent bank failures
The U.S. banking system remains sound and resilient, with strong levels of capital and liquidity, though the Federal Reserve emphasized...
New York Fed: Household debt reached $17 trillion in early 2023
Total household debt rose by $148 billion, or 0.9%, to $17.05 trillion in the first quarter of 2023, according to...
