Consumer Sentiment Drops to 10-Year Low in November
Consumer Sentiment was 67.4 in November according to the University of Michigan Consumer Sentiment Index. November’s figure was 4.3 points...
Economy
New Home Sales Rise in October
New single-family home sales rose to a seasonally adjusted annual rate of 745,000 in October, according to the U.S. Census...
N.Y. Fed: Credit Application, Approval Rates Rise
Consumer credit demand sharply rebounded in 2021, with most credit application rates rising and returning to 2019 levels, according to...
Existing Home Sales Rise in October
Existing-home sales rose 0.8% in October to a seasonally adjusted annual rate of 6.34 million, according to the National Association...
Fed’s Waller Says He Favors Faster Pace of Asset Tapering
Federal Reserve Governor Christopher Waller today said that rapid improvement in the labor market and “deteriorating inflation data” have pushed...
OFR Flags Cyber Risk, Macroeconomic Uncertainty in Annual Report
The Treasury Department’s Office of Financial Research flagged cybersecurity and macroeconomic risk as top areas of concern as the cost...
Housing Starts Decrease in October
Housing starts were at a seasonally adjusted annual rate of 1.52 million in October, according to the U.S. Census Bureau....
Behind the Headlines on Real Interest Rates
Nominal rates might be positive, but real rates have been negative.
Retail Sales Increase in October
There were $638.2 billion in retail and food service sales in October, an increase of 1.7% from the previous month,...
Industrial Production Increases in October
Industrial production increased 1.6% in October after moving down 1.3% in September. Total industrial production in October was 5.1% higher...
