Credit union loans outstanding increased 0.5% in September, compared to a 0.8% increase in August of 2023 and a 1.7% increase in September of 2022, according to CUNA's latest Monthly Credit Union Estimates.
CUNA Senior Economist Dawit Kebede said the Labor Department’s October Consumer Price Index Report shows overall prices remain unchanged in October relative to September. The headline inflation over the last 12 months increased by 3.2%, down from 3.7% the previous month.
CUNA Senior Economist Dawit Kebede said the May Consumer Price Index is is an encouraging report for the Federal Reserve to pause the rate hike during the June meeting, as core inflation, excluding shelter, has continuously declined in previous months.