Third quarter GDP (Second estimate) grows 2.9%
Real GDP increased at a seasonally adjusted annual rate of 2.9% during the third quarter of 2022, according to the...
Economy
ADP: 127,000 jobs gained in November
The non-farm private sector gained 127,000 jobs in November, according to the ADP National Employment Report. This follows a revised...
Brainard reflects on effects of COVID, war on inflation
The “relative inelasticity of supply in key sectors” sets the economy of the past three years (encompassing the COVID-19 pandemic...
The COVID-19 pandemic and credit card market anomalies
Compared to the experience of the 2008–09 Great Recession and ensuing recovery, the COVID-19 pandemic-induced recession, along with federal and...
New home sales increases in October
Sales of new single‐family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates...
New orders for manufactured durable goods increased in October
New orders for manufactured durable goods in October, up seven of the last eight months, increased $2.8 billion or 1.0%...
Stewart: Rising rates hit borrowers but bring ‘real money’ for savers
While borrowers are getting pinched by rising interest rates, senior savers are seeing meaningful returns for the first time in...
Podcast: The community bank M&A outlook for 2023
As the end of the year draws near, banking journalist and analyst Paul Davis joins the ABA Banking Journal Podcast...
Existing home sales decrease in October
Existing-home sales fell 5.9% in October to a seasonally adjusted annual rate of 4.43 million, according to the National Association...
Economic concerns causing U.S. adults to delay major financial decisions
More than half of U.S. adults have delayed a major financial milestone such as buying a car or purchasing a...
