Housing Starts Decreased in May

Consumer inflation expectations increased slightly at the short-, medium-, and longer-term horizons in November, the New York Fed said in its most recent Survey of Consumer Expectations.

Requirements to pledge specific amounts of collateral to the discount window could make banks more dependent on the Fed, crowding out well-functioning market options like the repo market and the FHLBs.

In risk reports to the board, place the emphasis on messages, not metrics

Consumer credit increased at a seasonally adjusted annual rate of 4.5% in October. Total outstanding credit increased to $5.113 trillion during the month.

U.S. consumers plan to spend an average of $677 on holiday gifts this holiday season, up 3.4% from $654 last year.

The University of Michigan Consumer Sentiment Index increased 3.4% in December compared to the month prior, landing at 74, according to preliminary results for the month.