According to the Financial Times, companies are issuing more bonds ahead of possible economic volatility and the upcoming presidential election. Total borrowing in public markets reached nearly $82 billion the week of Labor Day – the...
Read MoreThe WSJ reports that American economic sentiment has improved slightly, as mortgage rates and gas prices have fallen, and inflation continues to cool. Recent surveys show a modest uptick in consumer confidence, with a higher...
Read MoreThe New York Federal Reserve's July Survey of Labor Market Expectations found that the probability of being unemployed increased to 4.4% from 3.9% last year, the highest rate since 2014. This remains relatively low compared to previous...
Read MoreThe Financial Times (FT) found that investors have moved $66 billion into fixed-income funds since the start of July, as a hedge amidst potential recession fears. U.S. Treasuries and other highly rated debt securities have been especially...
Read MoreAccording to research from the Federal Reserve Bank of San Francisco, U.S. consumers have fewer liquid resources than would have been projected pre-pandemic. For the top 20% of households in terms of income, liquid assets...
Read MoreU.S. inflation fell to 2.9% in July, supporting a potential Fed decision to lower the federal funds rate in September from the current 5.25-5.5% level. This marks the first time since March 2021 that the Consumer...
Read MoreOn July 31, the Federal Reserve held the federal funds rate at the 5.25%-5.5% range. Federal Reserve Chair Jerome Powell indicated the potential for a September rate cut to prevent weakness in the labor market. ...
Read MoreRegional banks are being disproportionately impacted by the deterioration in the CRE market and are increasing their credit loss provisions for these loans. Market downturns are being felt mostly through office loans and multifamily commercial...
Read MoreThe Financial Stability Board (FSB) is warning that an increase in shadow banking, or the movement of financial activity outside of the regulated banking system, is making economies more sensitive to financial crises. The FSB...
Read MoreAmerican borrowers continue to grapple with rising prices and higher borrowing costs across all types of consumer debt. More Americans are carrying credit card balances month-to-month, with minimum payments rising with interest rates. Credit card...
Read MoreDifferences in the performance of CRE loans are leaving the largest banks (those with more than $100 billion in assets) more exposed to distress in the sector than smaller institutions. According to data from S&P,...
Read MoreAccording to VantageScore data, 1.35% of credit card balances were 30 days delinquent in April, marking improvement in the sector. Banks’ credit card charge-offs stood at 4.4% at the end of Q1 2024. Subprime borrowers...
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