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...
Economy
Inflation slowed to 4.9% in April
The Consumer Price Index rose 0.4% in April on a seasonally adjusted basis, after increasing 0.1% in March, the U.S....
The NFIB Small Business Optimism Index decreased 1.1 points in April, measuring 89.0.
Seasonally adjusted net 17.0% planning to create new jobs in the next three months, up 2 points from March. The...
Consumer credit increases in March
Consumer credit increased at a seasonally adjusted annual rate of 5.4% in March and 6.6% in February. Total outstanding credit...
ADP: 296,000 jobs gained in April
The non-farm private sector gained 296,000 jobs in April, according to the ADP National Employment Report. This follows a revised...
253,000 jobs added in April, unemployment rate at 3.4%
Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4%. Job growth was...
U.S. international trade deficit decreases in March
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Task force calls on public, banks to help with coin shortage
The U.S. Coin Task Force is asking financial institutions and the public to take steps to help alleviate the coin...
Fed: Most banks managing interest rate risk
While higher interest rates contributed to the recent bank failures, high levels of capital and moderate risk exposures mean that...
Fed survey: Lending standards tighten as demand drops
Lending standards for business and consumer loans tightened during the first quarter of 2023, with weaker demand reported in all...
