ABA DataBank: 2026 Fourth of July cookout | ABA Banking Journal
As Americans prepare to celebrate the Fourth of July, the cost of a traditional cookout averages $73. 82 for 10 people in 2026, up $2. 90 (or 4%) from last year and broadly in line with inflation.
ABA joins with consumer rights group to protect fraud alertsABA joined with the National Consumer Law Center and ACA International in proposing to the FCC a rewrite of the “revoke all” rule. The rule is set to take effect on January 31, 2027, but the FCC is. . . Warsh weighs in on Fed independence, inflationFederal Reserve Chairman Kevin Warsh said the public will “see no changes” in Fed independence and that prices remain “too high” but that inflation risks have come down. Construction spending edged up 0. 1% in MayConstruction spending during May 2026 was estimated at a seasonally adjusted annual rate of $2,210. 2 billion, 0. 1% above the April estimate of $2,207. 1 billion. ABA DataBank: ISM Manufacturing PMI remains in expansionThe ABA Office of the Chief Economist believes the manufacturing sector’s sixth consecutive month of expansion points to the sector’s continued resilience after a 10-month-long period of contraction. Overall activity remained firmly above year-ago levels. Strong manufacturing business activity. . . CDFI Fund launches online Opportunity Zone nomination toolThe CDFI Fund has launched an online tool that state governors can use to nominate communities as qualified Opportunity Zones, which provide tax incentives for investing in distressed communities. New designations occur only once every 10 years. ADP: 98,000 jobs added in JuneThe non-farm private sector added 98,000 jobs in June, and annual pay was up 4. 4% year-over-year, according to the ADP National Employment Report. This follows an unchanged May report of 122,000.