ALEXANDRIA, Va. (Oct. 6, 2016) – After the financial turmoil and increased economic uncertainty following the United Kingdom’s decision to leave the European Union in June, underlying economic trends—mostly favorable—reasserted themselves in the U.S., according to a new Economic Update released today by the National Credit Union Administration.
The latest video in the agency’s Economic Update YouTube series is available here (opens new window).
“Steady improvement in labor market conditions is boosting household income and appears to be starting to lift wages,” said NCUA Chief Economist Ralph Monaco. “Improvements in stock prices and rising home prices are lifting household wealth, and consumer optimism is relatively high.”
Although the national outlook appears positive, Monaco warns that credit unions with ties to some areas of the country and some industries that are underperforming may face challenges.
NCUA’s Economic Update video series is an ideal information resource for credit union board members, loan officers and management and is available on NCUA’s YouTube channel (opens new window).
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…
As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…
WASHINGTON – Today, as part of the 30th anniversary celebration of the Community Development Financial…
Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…
WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…
As Prepared for Delivery Thank you very much for the opportunity to be here today, and…