"economy" Blog Posts

• 2Q2023 Credit Union Profile Now Available
• 72% of Economists Expect US recession by Mid-2023
• America’s Gross National Debt Exceeds $31 Trillion for First Time
• Analysts Expect Rate Hikes to Boost Regional Banks' Q3'22 Earnings
• Another Steep Rate Hike Coming at Next Week's Fed Meeting
• Are Labor Market Forces Stretching Your Collections Team Too Thin?
• Arlington Community FCU, League Meet With Rep. Don Beyer
• Bank Economists Advise Caution But Don't Expect a Recession
• Big US Banks to Contend with Recession Fears in 1Q2022 Earnings Reports
• Borrowers Have a Record $11 Trillion in Tappable Equity
• Budget Reaches Youngkin, as 7-Day Clock Starts Ticking for Changes
• CECL 2023: The Importance of Robust indicators, Critical Economic Considerations
• Certificate of Deposit Rates at US Banks Fall Well Short of Fed Rate Hikes
• CFPB Report: Renters at Risk as COVID-19 Safety Net Ends
• CFPB: Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process
• Consumer Discretionary Spending Stable Despite Inflation Pressure, Says Visa CEO
• Consumer Lenders See Unexpected Bonanza as People Battle Inflation
• Consumer Sentiment Over Future Hits Lowest Point Since Pandemic Began, New Survey Finds
• Cost-Conscious Consumers Moving to Digital Auto Refinancing
• Credit Card Delinquencies, Charge-Offs Stay Muted as Consumers Pay Down Balances
• Credit Conditions Expected to Weaken This Year: Bank Economists
• Credit Union Demand for Analytics Strategy Skyrockets in 2021
• Credit Union Economists: More Big Rate Hikes Likely This Year
• Credit Union Loans Increased 2.3% in May
• Credit Unions Report a Record-Setting Plunge in Savings Balances
• Credit Unions Set Loan Growth Record, Deposits Decline in Q2
• Credit Unions Wary Despite Record-Low Delinquencies
• Credit-Card Debt Returns to Levels Before Covid-19 Pandemic
• CU Economists: Inflation Eases, but Fed Will Want to See More
• CU Leaders ‘Modestly’ More Optimistic on Future, New NAFCU Survey Finds
• CU Lending Continues to Soar, Notes CUNA Economist
• CU Loans Outstanding Again Up Robustly During September, New CUNA Data Show
• CUNA Economics: ‘Fed Signals More Increases for 2023’
• CUNA Releases August Economic Update
• CUNA Releases May Economic Update
• CUNA Research: 'Fed Putting Brakes on Economy'
• CUNA Research: Housing, Energy, Food Prices Led May Price Increases
• CUNA Research: Inflation Posts Slight Increase
• CUNA Research: Inflation Sets Another Record
• CUNA: CPI reaches 40-Year high, signaling increase in interest rates
• Debt Ceiling Bill Passes House with Broad Bipartisan Support, But Virginia Delegation Splits on Vote
• Delinquency Rate Reverses Course after Earlier Uptick
• Demand for Personal Loans Pressures CUs, Banks, Fintechs
• Despite Banking Industry Turmoil, Fed Raises Rates 25 Basis Points
• Despite Stellar Credit Quality, Small Lenders Expect Economic Headwinds
• Dimon Says US Recession Likely by Mid-2023
• Economic Update Covers High-Interest Rate, High-Inflation Environment
• Economic Update Covers Housing Market Tends
• Economic Update Examines Fed's Updated Monetary Policy, Inflation
• Economic Update Examines Financial Well-Being Metrics
• Fannie Mae Forecasts ‘Soft Landing Unlikely,’ Sees Recession in Latter 2023
• Fed Raises Rates by 75 Basis Points; More Hikes Coming, Says CU Economist
• Fed Raises Rates by Half a Percentage Point in Last 2022 Hike
• Fed Releases Summary of Commentary on Current Economic Conditions
• Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink
• Fed Takes Aggressive Action in Inflation Fight
• Fed’s Expected Move on Rates This Week Not Being Welcomed by Consumers
• Fed’s Newly Released Minutes Indicate Another Rate Increase Coming in July
• First Mortgage Portfolio Niche Lending: Current Trends and Opportunities
• Five Charts Explaining Why Inflation is So High
• For Big Banks, Headwinds for Loan Growth After Strong 2Q
• For Community Lenders, Net Interest Margin Pressure Looms Large
• Gen Z’s Changing Financial Profile: Key Facts for FIs’ 2023 Planning
• GROWTH Conference: Leveraging All Facets of Your Operations, Organization to Drive Growth & Fuel Success
• Growth of Total Consumer Credit Cooled in May
• Has Inflation Peaked? Here's What the Experts Are Saying
• Hear What Janet Yellen Thinks of the US Economy Right Now
• Here's How the Fed Will Read Today's Jobs Report
• Here's What Fannie Mae Forecast Sees Ahead for Economy, Rates
• Here’s the Inflation Forecast, Mortgage Rates Prediction from CUNA Mutual’s Chief Economist
• Here’s What New Forecast Predicts for Economy, Housing and Refi Volume
• Home Prices Surge to Another High
• Home Sales Data Shows the Housing Market is Normalizing
• Home Sales Rise in August, But the Numbers are an Anomaly, Says Economist
• Homebuilders Say U.S. is in ‘Housing Recession’ as Sentiment Turns Negative
• Homebuyer Optimism Continues to Shrink
• Housing Market has 'Further to Fall,' According to New Goldman Sachs Forecast
• Housing Slowdown: New Home Sales Fell 10.9% in September
• Inflation Falls in July, But Housing Prices Keep Rising
• Is the 30-Year Mortgage on Its Way to Being the 40?
• Just How Much is Inflation Costing Depositors? Here’s What 1 Analysis Shows
• Kebede: January CPI Increases Household Expenses
• Large US Bank Revenue Keeps Climbing as Investors Brace for Recession
• Latest Fed Beige Book Now Available
• League Watching Debt Ceiling Fight with Keen Interest Given Threat to Economy
• Lending Likely to Slow in ’23, Recession Possible in '24 or '25, Suggests New CUNA Mutual Forecast
• Loan, Deposit Growth Slows YOY for US Community Banks in Q1
• MBA Trims Mortgage Forecasts as Recession Chances Are Now a 'Coin Flip'
• Mortgage Boom Is Over, MBA Drops Originations Forecasts Again
• Mortgage Credit Availability Falls to Lowest Point since 2013
• Mortgage Originations Could Sink More Than Expected
• Mortgage Payments Keep Rising by Around $100 Per Month
• Mortgage Production Will Fall 9% in 2023: MBA Forecast
• Mortgage Rates Actually Decline, But Application Volumes Remain Down
• Mortgage Rates Climb Again, Jumping to More Than 5.5%
• Mortgage Rates Hit 5% for the First Time in Over a Decade
• Mortgage Rates Rise by Just 2 Basis Points, But Troubles Remain for Housing Market
• Mortgage Rates Top 7% for the First Time Since 2002
• NCUA Releases 3Q 2022 State-Level Data Report
• NCUA Releases Q2 2022 State-Level Credit Union Data Report
• NCUA’s Harper Discuss Economic Outlook, the Need for Vendor Authority at NASCUS’s S3
• Oct. 17 CEO Forum Moving to Virtual Format; Free Event for $500 Million and Under CUs
• Pain to Follow GDP Gain, CUNA Predicting 'Growth Will Not Last'
• Rate Hikes, Recession are Still in the Cards
• Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
• Recession Fears Receded this Earnings Season
• Recession Will Begin Earlier Than Expected, Says Fannie Mae Forecast
• Regulatory Compliance Weekly Roundup: Sept. 1, 2023
• Schenk: Expect Healthy Economic Growth
• Senate Confirms Jerome Powell to Second Term as Federal Reserve Chair
• Some Analysts Say US in Housing Recession
• Surprise: Borrowers May Face Up to $1,100 in State Taxes on Forgiven Student Loans
• Three Impacts of a Cooling Housing Market
• Three Marketing Messages to Help Your Members Fight Inflation
• Too Many Americans Caught in a Financial Vortex
• Total Consumer Credit Rises, as CUs Grab Larger Share
• TransUnion Reports Inflation’s Rise Hitting Non-Prime Borrowers Hardest; Offers Forecast for What’s Ahead
• Treasury Yield Curve Points to Recession with End of Fed Hikes Uncertain
• Trends Report: CU Loan Growth Slows; Inflation May Be Around Longer Than Expected
• Two-Thirds of Economists at Big Banks Expect Recession in 2023
• U.S. Begins ‘Extraordinary’ Steps to Avoid Debt Ceiling
• U.S. Economy Grows in Third Quarter, Reversing a Six-Month Slump
• U.S. Economy Likely Grew a Lot Last Quarter; Most People Didn’t Notice
• U.S. Job Growth Cools but Remains Solid
• U.S. Pending Home Sales Drop for a Sixth Month in Worst Skid Since 2018
• US Banks Close 180 Branches, Open 69 in September
• US Banks' Q1 Auto Loans Show Steady Sequential Growth
• US FIs Fear Slowdown in Mortgage Activity as Rates Skyrocket
• US Housing Market: 2022 Opens With 19.2% House Price Surge
• US Housing Market: House Price Growth Decelerates in June
• US Housing Market: House Prices Surge Over 20% YOY in March
• US Housing Market: New, Existing Home Sales Rise Month-Over-Month in September
• US Small Banks Post Stronger Loan Growth, Wider Net Interest Margins in Q2
• ‘Borrowers Are Feeling the Squeeze’ as Interest Rates Climb While Inflation Remains High, Financial Analyst Says