Fed analysis: Pandemic savings boom could be fueling inflation
A dramatic increase in the rate of personal savings during the COVID-19 pandemic—driven in part by federal stimulus—may have contributed ...
Tag: Economy
Report finds banks strong as global economy weakens
Banks are on sound financial footing even as the world’s economy wobbles from a series of shocks, according to the ...
ABA Data Bank: Decline in gas prices drove overall decline in headline CPI
Inflation slowed to an annual pace of 8.3% in August, down from 8.5% the prior month.
Business Roundtable: CEO confidence in economic outlook dips in Q3
Confidence among the nation’s CEOs in the future economic outlook dipped in the third quarter amid persistently high inflation and ...
New J.D. Power study: Inflation affecting consumers’ financial wellbeing
As inflation remains elevated and consumers face persistently higher prices for goods and services, nearly two-thirds—64%—of them are now considered ...
GDP falls for second straight quarter
Real gross domestic product decreased 0.9% in the second quarter of 2022, marking the second consecutive quarter of GDP decline, ...
Fed raises interest rates for fourth time this year
The Federal Reserve raised interest rates by three-quarters of a percentage point to a target range of 2.25% to 2.5%, ...
ABA Data Bank: Markets expect Fed to increase rates 75 basis points
Markets expect at least a 75 bps hike at the next FOMC meeting, which takes place July 26-27. More than ...
ABA comments on FAF draft strategic plan
As the Financial Accounting Foundation considers a proposed strategic plan, ABA is recommending the organization consider ensuring that post-implementation reviews ...
ABA Data Bank: Treasury yield curve inverts in July
The spread between the two-year and 10-year notes dipped negative last Monday for the first time since April. Historically, protracted ...
