Consumer credit increased in December
Consumer credit increased by 2.4% in 2023, the Federal Reserve reported. Consumer credit increased at an annual rate of 0.4%
Consumer credit increased by 2.4% in 2023, the Federal Reserve reported. Consumer credit increased at an annual rate of 0.4%
The international trade deficit was $62.2 billion in December, up from $61.3 billion in November, the Commerce Department announced.
Investment fraud schemes have surpassed business email compromise as the leading scam in terms of dollar losses to consumers, the Treasury Department said.
Total household debt rose by $212 billion to reach $17.5 trillion in the fourth quarter of 2023, according to the most recent Quarterly Report on Household Debt and Credit Report.
Banks reported tighter standards and weaker demand for commercial and industrial loans to firms of all sizes over the fourth quarter of 2023, according to the Federal Reserve’s senior loan officer opinion survey.
The ISM nonmanufacturing index increased 2.9% from the prior month to land at 53.4% in January, the Institute for Supply Management said.
Nearly two-thirds (66.4%) of employment growth in 2023 was driven by just three industries in their recovery from the COVID-19 pandemic: leisure and hospitality, government and health care.
Fannie Mae and Freddie Mac have sold 163,297 nonperforming loans, with a total unpaid balance of $30 billion, from program inception in 2014 through June 30, 2023, according to FHFA’s Non-Performing Loan Sales Report
New orders for manufactured goods increased 0.2% to $594.3 billion in December, according to the…
Total nonfarm payroll employment increased by 353,000 in January, and the unemployment rate remained at…