ABA’s Nichols: Despite economic headwinds, banks are healthy and prepared
While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve.
Tag: Economy
ABA Data Bank: Real rates remain deeply negative in US, EU
Despite the Fed tightening monetary policy—increasing the fed funds rate 75 basis points—real rates* remained deeply negative at the end ...
Hsu: Banks should focus on counterparty credit, concentration risk amid economic uncertainty
As high inflation and economic uncertainties persist, Acting Comptroller of the Currency Michael Hsu said that “now is the time ...
ABA Data Bank: CPI inflation rose 8.3% year-over-year in April
Inflation eased a little in April, though remained elevated above market expectations. The rate of inflation continues to exceed growth ...
ABA report: Credit card market recovery continued in Q4 2021
In a sign of continuing U.S. consumer strength, monthly credit card purchase volumes rose across risk tiers in last year’s ...
Fed announces 50 basis point rate hike
In a significant move today, the Federal Reserve announced that it will increase the target range for the federal funds ...
ABA Data Bank: U.S. economy contracts 1.4% in Q1
The first estimate for GDP in Q1 2022 came in well under expectation, contracting at an annualized rate of 1.4%. ...
Beige Book: Economic activity expands despite uncertainty
Economic activity expanded at a moderate pace between February and mid-April, though outlooks for future growth remained uncertain, given current ...
ABA Data Bank: Airline traffic nearing pre-pandemic levels
Nearly 2.34 million people traveled through a TSA checkpoint in the U.S. on April 14, up 56.7% year-over-year.
ABA Data Bank: Used car index shows largest monthly decline in 23 months
The Manheim Used Vehicle Value Index decreased 7.8 points in March to 223.5, the biggest drop in used car prices ...
