Browsing: Economy
The Quietly Rising Risk of Climate Change
Regardless of size, banks need a framework for assessing and understanding climate risk.
Slowing Global Growth, Trade Uncertainties Cited in FOMC Rate Cut Decision
Concerns about a slowdown in global growth and trade uncertainties remained prominent factors in the Federal Open Market Committee’s decision to cut interest rates by 25 basis points at the last FOMC meeting, according to minutes released yesterday.
Fed: Business Debt Remains Elevated but Banking Sector ‘Resilient’
Business debt is historically high relative to U.S. gross domestic product, with debt increasing most rapidly among the riskiest firms amid weak credit standards, the Federal Reserve said today in its financial stability report.
ABA Data Bank: Ag Lenders’ Concerns about Producers
Read more in the ABA/Farmer Mac Agricultural Lender Survey.
Producer Prices Increased 0.4 percent in October
Producer prices rose 0.4 percent in October, seasonally adjusted, after falling 0.3 percent in September,…
Household Debt Continues to Increase
Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 trillion, the Federal Reserve Bank of New York reported today.
FOMC Announces Third Rate Cut of 2019
The Federal Open Market Committee announced yesterday that it would cut interest rates for the third time this year.
Consumer Confidence Declines in October
The Conference Board Consumer Confidence Index declined 0.4 Points to 125.9 in September. The Present…
Consumer Sentiment Rose in October
Consumer Sentiment increased 2.3 points in October to 95.5, according to the University of Michigan…