Fourth quarter GDP (Second Estimate) increases 3.2%
Real gross domestic product increased at an annual rate of 3.2% in the fourth quarter of 2023, according to the ...
Tag: Economy
U.S. international trade deficit increases in December
The international trade deficit was $62.2 billion in December, up from $61.3 billion in November, the Commerce Department announced.
ISM: Service sector expanded in January
The ISM nonmanufacturing index increased 2.9% from the prior month to land at 53.4% in January, the Institute for Supply ...
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 Data Bank: Consumers expect to spend more on gifts in 2023
U.S. consumers plan to spend an average of $654 on holiday gifts this holiday season, up from $613 in 2022. ...
ABA Data Bank: Thanksgiving dinner costs decrease, but remain elevated
The typical cost for a Thanksgiving dinner decreased 4.5% over the past year, according to survey data from the American ...
NY Fed: Household debt ticks up to at $17.29 trillion in Q3
Total household debt increased by $228 billion, or 1.3%, to $17.29 trillion in the third quarter of 2023, according to ...
Home prices rose in August
Home prices were up 2.6% in August compared to the same month a year ago, according to the S&P CoreLogic ...
New York Fed: Consumers expect short-term inflation rise, improve longer term
Employment expectations were mixed, with unemployment expectations deteriorating and perceived job-loss risk improving. Expectations for credit conditions deteriorated slightly.
How the rating agencies missed the mark: Reassessing recent analyses of the banking sector
In light of the August 2023 downgrade by Moody’s of several US banks, as well as commentary by Fitch Ratings ...
