The Bureau of Economic Analysis released it preliminary estimate of first quarter gross domestic product Thursday, and the 0.5% annual growth rate was even weaker than the 1.25% forecast of CUNA’s economists.
MADISON, Wis. (4/11/16)--Economists from CUNA updated their forecast for 2016, noting that April’s report reflects a “more moderate” outlook compared with their previous view.
WASHINGTON (4/7/16)--Members of the Federal Open Market Committee had mixed responses to the idea of an interest-rate hike at its last meeting, minutes from the March 15-16 meeting revealed.
WASHINGTON (1/26/16)--Blizzard conditions in the nation’s capital will not postpone this week’s Federal Open Market Committee meeting, the Federal Reserve announced Monday. Nor will they cool the majority of the committee’s sentiment on the health of the economy.
WASHINGTON (1/25/16)--Delayed closings pushed back by implementation of the Truth in Lending and Real Estate Settlement Procedures Act integrated disclosure rule drove a surging pace of existing-home sales in December, according to the National Association of Realtors.
WASHINGTON (1/22/16)--Mortgage rates fell for the third straight week this week, slipping to their lowest levels since November, according to Freddie Mac’s weekly mortgage survey.
WASHINGTON (1/21/16)--Average percentage rates on credit card debt jumped 22 basis points in the fourth quarter, according to a recent report from consumer finance website Card Hub.
WASHINGTON (1/21/16)--Despite a meager end to the year, homebuilders built homes at the fastest pace in eight years in 2015, according to the Commerce Department.
WASHINGTON (1/20/16)--U.S. consumer default rates continue to tread in stable waters, as Experian reported this week that its monthly composite default index remained unchanged in December at 0.97%.
SAN FRANCISCO (1/20/16)--Wells Fargo is now the third-largest bank in the United States by assets. The San Francisco-based behemoth surpassed Citigroup this year, according to a report from The Wall Street Journal.
WASHINGTON (1/19/16)--Bottomed-out oil prices continue to influence consumer activity, as illustrated by three reports released Friday that provide a compressive glimpse into the state of U.S. consumerism.