Newsbytes

Existing-Home Sales Rebound 0.7% in September

Existing-home sales increased 0.7% to a seasonally adjusted annual rate of 5.39 million in September, according to the National Association of Realtors (NAR). Sales were 1.5% above last September after declining in each of the three preceding months. “Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer ...

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Fed’s Powell: Banks Needed at Center of Payments System

As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.

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Newsbytes Podcast: Fintech in Focus

We discuss top White House adviser Gary Cohn's newsmaking remarks at ABA's Annual Convention earlier this week, the OCC's positive new posture on Community Reinvestment Act examinations and the top fintech trends shaping the next decade of banking.

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Beige Book: Economic Activity Expanding at a Modest to Moderate Pace

Economic activity continued to expand at a modest to moderate pace across the twelve Federal Reserve Districts in September through early October, according to the just-released Federal Reserve Beige Book. The report was based on information collected through October 6. As expected, the Atlanta, Dallas and Richmond Districts each reported major disruptions from Hurricanes Harvey and Irma in some areas ...

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Housing Starts Declined in September

Housing starts decreased to a seasonally adjusted annual rate of 1.127 million in September, according to the U.S. Department of Commerce. The decline was 4.7% below the upwardly revised August rate of 1.183 million but is 6.1% above the September 2016 rate. Single-family home starts fell 4.6% from last month. Housing activity decreased in three of the four regions as the Northeast, ...

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