economic growth

February 1, 2018

Consumer Spending Rises but Savings Plummet

U.S. consumer spending rose solidly in December as demand for goods and services increased, but the increase came at the expense of savings, which dropped to […]
September 27, 2017

Homeowners Continue to Regain Equity

Homeowners with mortgages saw an overall gain of $766 billion in their home equity during the second quarter from the year-ago period, or an increase of 10.6%, according to […]
June 9, 2017

Beige Book: Slower Growth, Less Optimism

Economic growth slowed across parts of the U.S. in recent weeks, and some firms have become a bit less optimistic about the future, according to a […]
May 9, 2017

Millennials’ Debt Load Could Weigh Down Economy

Millennials — 21 to 34-year-olds — hold an estimated $1.1 trillion of the country’s $3.6 trillion in consumer debt, according to UBS, as rising student and […]
February 23, 2017

2017 Will Bring Modest Economic Growth

The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining.  “We’re expecting steady, modest growth in the U.S. economy,” said MBA Vice President […]
February 8, 2017

8 Years and Counting: No Recession in Sight

It’s been almost 8 years since the last recession ended in June 2009.  With economists predicting the next 2 years won’t bring a recession, that could […]
December 5, 2016

A “New Normal” of Slow Growth Coming in 2017

The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2% in 2017, up from a […]
November 22, 2016

Modest Economic Growth Expected in 2017

The U.S. economy is expected to continue growing modestly in 2017, but the unknown about policies to be enacted by President-elect Donald Trump’s administration pose both […]
April 14, 2016

U.S Economy Off to a Slow Start in ‘16

The U.S. economy is again off to a poor start to the year, clouding the outlook and validating the Federal Reserve’s wait-and-see posture on raising interest […]