Survey: U.S. public confidence remains low for banks, other institutions
Roughly one in four Americans said they have a “great deal” or “quite a lot” of confidence in banks, with...
Economy
ABA Data Bank: Agriculture commodities fall from 2022 high
Farmers’ margins are under pressure from lower crop prices and higher overall price inflation.
Survey: Bank executives optimistic about their institutions’ prospects
Two-thirds of U.S. bank senior executives are confident in their banks’ growth prospects, with three in five saying they plan...
Regulators release 2024 list of distressed, underserved communities
Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration.
Consumer sentiment fell in July
The University of Michigan Consumer Sentiment Index decreased 3.2% in July compared to the month prior, landing at 66, according...
Producer prices rose 0.2% in June
The Producer Price Index increased 0.2% in June from the previous month, the Labor Department reported.
Podcast: Understanding how monetary policy shapes SOFR
On this episode of the ABA Banking Journal Podcast, ABA economist Jeff Huther discusses recent dynamics with the Secured Overnight...
Nonbanks accounted for two-thirds of mortgage transactions in 2023
Federal data shows the share of mortgages originated by nondepository, independent mortgage companies accounted for 68.8% of first lien, home-purchase...
Mortgage rates tick down
The rate for a 30-year fixed-rate mortgage averaged 6.89% this week, down from last week when it averaged 6.95%.
CPI declined in June
The Consumer Price Index fell 0.1% in June on a seasonally adjusted basis, after being unchanged in May, the U.S....
