Household Debt Continues Up
Outstanding household debt increased by 0.9% in the first quarter of 2019, rising by $124 billion to land at $13.67 trillion, the Federal Reserve Bank of New York reported today.
Browsing: Economy
White House Economist: Economy on Track for 3 Percent Growth
White House Council of Economic Advisers Chairman Kevin Hassett today said that the U.S. economy appears to be “on track to have a 3% year” in terms of economic growth.
CEOs’ Confidence in Economy Softens
The nation’s CEOs were less confident about the future economic outlook than they were in previous quarters, according to the latest Business Roundtable CEO Economic Outlook Index released today.
Fed Reports on Economic Developments, Financial Stability
The Federal Reserve on Friday issued its semiannual monetary policy report, just ahead of Fed Chairman Jerome Powell’s testimony before the Senate Banking Committee next week.