China–U.S. West Coast spot rates are down 68% from June, signaling an earlier, truncated peak season. Importers are pulling back amid tariff whiplash and softer demand. The post ABA DataBank: Trade policy weighs on shipping rates appeared first on ABA Banking Journal.| ABA Banking Journal
The U.S. economy added 22,000 nonfarm jobs in August, the Labor Department said. The unemployment rate was little changed at 4.3%. The post U.S. adds 22,000 jobs in August appeared first on ABA Banking Journal.| ABA Banking Journal
The rate for a 30-year fixed-rate mortgage was 6.5% this week. The rate for a 15-year fixed-rate mortgage was 5.6%. The post Mortgage rates fall appeared first on ABA Banking Journal.| ABA Banking Journal
The U.S. trade deficit was $78.3 billion in July, up $19.2 billion from $59.1 billion in June, the Commerce Department said. The post U.S. trade deficit widened in July appeared first on ABA Banking Journal.| ABA Banking Journal
The ISM services index rose 1.9% from the prior month to land at 52% in August, the Institute for Supply Management said. The post ISM: Services sector grew in August appeared first on ABA Banking Journal.| ABA Banking Journal
Independence of monetary policy is a critical element for the Federal Reserve’s success, economist Stephen Miran said during his nomination hearing for an open seat on the Fed board. The post Fed nominee Miran stresses central bank independence appeared first on ABA Banking Journal.| ABA Banking Journal