Construction spending increases in April
Construction spending was at a seasonally adjusted annual rate of $1,744.8 billion in April, 0.2% above the revised March estimate...
Newsbytes
ADP: 128,000 jobs gained in May
The non-farm private sector gained 128,000 jobs in May, according to the ADP National Employment Report. This follows a revised...
390,000 jobs added in May, unemployment rate at 3.6%
Total nonfarm payroll employment rose by 390,000 in May, according to the Bureau of Labor Statistics. Total unemployed persons remained...
ISM: Service sector expands in May
The ISM Services Index registered 55.9% in May; 1.2 percentage points lower than the April reading of 57.1%. This reading...
Amid downside risks, bank economists forecast economic soft landing
With the Fed taking action to raise rates and choke off inflation, the nation’s top economists forecast that economic growth...
ABA Data Bank: EAC forecasts inflation to slow gradually toward Fed objective over next two years
Higher interest rates, quantitative tightening of the Fed's balance sheet and other drags on the economy are expected to stem...
ABA calls for ‘flexible, iterative’ approach to FDIC climate risk management
While expressing overall support for the FDIC’s Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions, ABA...
Eight banks added to ABAQ index
The index, formed in 2003, includes 288 community banks and represents all Nasdaq-listed banks and savings associations except the 50...
ABA, CBA express support for CFPB’s nonbank supervision, opposition to disclosure of CSI
The American Bankers Association and the Consumer Bankers Association this week expressed support for the Consumer Financial Protection Bureau’s recent...
ABA, SIFMA ask SEC to delay effective date on crypto-asset bulletin
Amid the growing ownership of digital assets like cryptocurrencies, the American Bankers Association and the Securities Industry and Financial Markets...
