Credit union loans outstanding increased 0.3% in December, according to America’s Credit Unions’ latest Monthly Credit Union Estimates, compared to a 0.4% increase in November 2023 and a 1% increase in December 2022. The estimates are based on information from a monthly sample of credit unions and are revised whenever more complete data is available. …
The U.S. economy will experience moderate growth in 2024 while avoiding recessions, America’s Credit Unions’ economists forecast in the January Economic Update. America’s Credit Unions’ Curt Long and Mike Schenk examine the organization’s latest economic forecast in the video. Liquidity, loan performance cost of funds, and operating expenses will combine to make a challenging year …
Moderate growth, earnings challenges likely in 2024 Read More »
The Bureau of Labor and Statistics (BLS) released January’s consumer price index report Tuesday, noting inflation currently sits at 3.1%. “Overall prices slowed down to 3.1% in January from 3.4% in December over the previous 12 months. Core inflation, which excludes food and energy items, remain unchanged,” said America’s Credit Unions’ Dawit Kebede. “On a monthly …
The Bureau of Economic Analysis Thursday released 2023’s fourth quarter gross domestic product (GDP) report, which showed an annual rate increase of 3.3%. “Fourth quarter GDP exceeded expectations as consumption remained strong, inventories held up better than anticipated, and trade made a surprising positive contribution to growth,” said America’s Credit Unions’ Curt Long. “When …
The Bureau of Labor Statistics Thursday released its monthly consumer price index report for December. America’s Credit Unions’ Senior Economist Dawit Kebede provided an analysis of the 0.3 percent increase consumers saw last month after slowing down in the prior two months, resulting in a 3.4 percent rate over the last 12-months. “Core inflation, a …
