New orders for manufactured goods increased in November
New orders for manufactured goods increased 2.6% to $592.9 billion in November, according to the U.S. Census Bureau. This followed...
Newsbytes
216,000 jobs added in December, unemployment rate was unchanged at 3.7%
Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7%. Job gains occurred...
Community bankers express concern about CRA rule, regulatory burden
Minutes of the most recent meeting of the Federal Reserve’s Community Depository Institutions Advisory Council show that council members were...
Luetkemeyer to retire at end of 2024
Rep. Blaine Luetkemeyer (R-Mo.) announced that he will retire from Congress at the end of 2024.
Bank survey: Business leaders mixed on 2024 economic outlook
Expectations for a recession among small- and midsize-business leaders have moderated following a year of better-than-expected economic growth, although overall...
Musalem to lead St. Louis Fed
The Federal Reserve Bank of St. Louis =announced that Alberto Musalem will be its next president and CEO, effective April...
FOMC minutes signal rates may have peaked
Federal Open Market Committee members were unanimous in their decision to hold interest rates steady at 5.25 to 5.5% at...
ABA to DOL: Exclude HSAs from coverage under the fiduciary rule
ABA said HSAs should be excluded because of the differences between IRAs and HSAs, and applying the rule would “significantly...
ABA: CFPB must conduct SBREFA review before overdraft, NSF fee rulemakings
The CFPB may not proceed with rulemakings on overdraft and NSF fees until it assesses the economic effects of the...
ISM Manufacturing falls in December
The U.S. manufacturing sector contracted in December, Manufacturing PMI® registered 47.4%, up 0.7 percentage point (pp) from the 46.7% recorded...
