Podcast: Understanding how monetary policy shapes SOFR

Consumer household inflation expectations in May decreased at the short-term horizon and remained unchanged at the medium- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

Consumer credit increased at a seasonally adjusted annual rate of 4.8% in April.

Used-car loan term lengths remain near historically elevated levels, suggesting some borrowers are stretching repayment periods to manage higher vehicle costs and financing burdens.

ABA announced Jacob Moore as the recipient of its 2026 ABA Banking Research Dissertation Grant. The program provides economics or finance doctoral graduate students with $40,000 for one academic year to conduct research on the banking industry.

ABA economists see evidence of a strengthening labor market that continues to grow despite price pressures. Job market strength should continue to support consumer loan demand and credit performance.

The rate for a 30-year fixed-rate mortgage was 6.48% this week. The rate for a 15-year fixed-rate mortgage was 5.79%