Capital proposal: Endgame for a robust U.S. derivatives market?
By disregarding previous analysis of the impact capital reforms can have on the derivatives market, the authors argue federal banking...
Economy
Consumer sentiment fell in November
Consumer sentiment fell 3.4 points in November to 60.4, marking the fourth straight monthly decrease, but is still 3.7 points...
Powell: Further rate hikes not off the table
Federal Open Market Committee members are not confident that current monetary policy is restrictive enough to bring inflation down to...
Consumer credit increased in September
Consumer credit increased at a seasonally adjusted annual rate of 2.2% in September after decreasing 3.8% in August. Total outstanding...
U.S. international trade deficit increases in September
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
NY Fed: Household debt ticks up to at $17.29 trillion in Q3
Total household debt increased by $228 billion, or 1.3%, to $17.29 trillion in the third quarter of 2023, according to...
CRE fears are overstated
The worst-case commercial real estate scenarios are unlikely to pan out. Here’s why.
Fed survey: Business lending standards tightened in Q3 2023
Lending standards for business loans tightened during the third quarter of 2023, with weaker demand for commercial and industrial loans...
Fed’s Cook: Nonbanks pose financial stability concerns
The banking sector has stabilized since bank failures earlier this year, but the vulnerabilities at certain nonbank financial institutions could...
ISM: Service sector expanded in October
The ISM Services Index decreased 1.8 percentage points (pp) to 51.8% in October—the tenth consecutive month of expansion for the...
