ISM: Manufacturing sector contracts for sixth straight month
U.S. manufacturing activity continued contracting for the sixth consecutive month in September, the Institute for Supply Management said.
Economy
Survey: Bank customers still feel squeeze of inflation
The percentage of U.S. bank customers who are financially healthy only modestly improved in August while the number of customers...
Powell: Fed will work with banks to assist communities hit by Hurricane Helene
Federal Reserve Chairman Jerome Powell said the central bank is ready to work with banks to get financial assistance to...
Bank economists: Soft landing remains likely, but risks remain
ABA’s Economic Advisory Committee expects moderating inflation to enable the Federal Reserve to reduce the federal funds rate and support...
ABA DataBank: Mortgage rates fall and refinances surge
As the Fed begins its campaign of rate cuts, mortgage rates have fallen well below their recent 2023 peak. In...
Second quarter GDP (third estimate) increases 3.0%
Real GDP grew at an annual rate of 3.0% in the second quarter of 2024, according to the third estimate...
Consumer sentiment rises in September
The University of Michigan Consumer Sentiment Index increased 3.1% in September compared to the month prior, landing at 70.1. The...
Personal income increases 0.2% in August
Personal income increased 0.2%, or $50.5 billion, in August. The personal savings rate—a percentage of disposable personal income—was 4.8%.
New home sales drop in August
Sales of new single-family houses in August were at a seasonally adjusted annual rate of 716,000, according to the U.S....
Report: GSE foreclosure prevention actions decrease in Q2 2024
According to the FHFA report, Fannie Mae and Freddie Mac completed 46,378 foreclosure prevention actions during the quarter.
