Consumer credit increased in March
Consumer credit increased at a seasonally adjusted annual rate of 3.2% in the first quarter of 2024, the Federal Reserve...
Economy
Fed Survey: Banks tighten policies on commercial real estate lending
Banks reported tightening their commercial real estate lending policies during the first quarter of 2024, according to the Federal Reserve’s...
New York Fed: Public expects home prices to rise at rapid rate
U.S. households expect home prices to increase 5.1% over the next 12 months, up from an expected 2.6% increase at...
ABA Data Bank: Yen falls to lowest level in three decades
The Japanese Yen briefly weakened to 160 intra-day against the U.S. Dollar on Monday, it's lowest level since April 1990.
ISM: Service sector contracted in April
The ISM services index fell 2% from the prior month to land at 49.4% in April, the Institute for Supply...
175,000 jobs added in March, unemployment rate edged up to 3.9%
The U.S. economy added 175,000 nonfarm jobs in April, the Labor Department said.
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage averaged 7.22% this week, up from last week when it averaged 7.17%.
New orders for manufactured goods increased in March
New orders of manufactured goods increased $9.1 billion, or 1.6%, from the prior month to $584.5 billion in March, the...
U.S. international trade deficit decreased in March
The U.S. trade deficit was $69.4 billion in March, down $100 million from $65.5 billion in February, the Commerce Department...
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...
