ABA Data Bank: Airline traffic nearing pre-pandemic levels
Nearly 2.34 million people traveled through a TSA checkpoint in the U.S. on April 14, up 56.7% year-over-year.
Browsing: Economy
The NFIB Small Business Optimism Index decreased 2.4 points in March, measuring 93.2.
A seasonally adjusted net 20.0% of owners plan to create new jobs, up 1 point…
Consumer Prices Rise in March
The Consumer Price Index increased 1.2% in March on a seasonally adjusted basis, according to…
Producer Prices Rose 1.4% in March
The Producer Price Index for final demand increased 1.4% in March, seasonally adjusted, the U.S.…
Podcast: The economic realities underneath every ordinary decision
It’s National Financial Literacy Month, but on the latest episode of the ABA Banking Journal Podcast, the Wall Street Journal’s Matthew Hennessey digs into the literacy that undergirds financial literacy: the basics of economic decision-making, from prices and markets to preferences and specialization.
N.Y. Fed survey: Consumers bearish on short-term inflation and long-term income prospects
Consumers expect an uptick in short-term inflation, but longer-term decline, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. Respondents also weighed in on the labor market expectations, income growth and household financials in the year ahead.
ABA Data Bank: Used car index shows largest monthly decline in 23 months
The Manheim Used Vehicle Value Index decreased 7.8 points in March to 223.5, the biggest drop in used car prices since April 2020.
ABA report: Credit market expected to weaken on high inflation
Top economists from the largest U.S. banks expect credit market conditions to weaken amid high inflation, according to the American Bankers Association’s Credit Conditions Outlook released today.
Nichols: Inflation concerns shouldn’t overshadow nation’s debt outlook
The nation’s debt-to-GDP ratio should be a greater cause for concern for the nation’s policymakers than the current inflation situation, ABA President and CEO Rob Nichols told attendees at a local chamber of commerce meeting in Rhode Island.
FOMC: securities holdings to be reduced by $95 billion a month
Federal Open Market Committee members said monthly reductions in securities holdings should be capped at about $60 billion for Treasury securities and about $35 billion for mortgage backed securities.