U.S. credit card balances increased at a higher rate in late 2021 than at any point during the last 22 years. Overall, outstanding card loans rose by $52 billion in the fourth quarter, according to...
Read MoreFord Motor Co. is planning to augment its current $30 billion investment in EVs by as much as $20 billion to convert their global production from internal combustion engines to electric vehicles, according to Bloomberg...
Read MoreUniversity of Michigan’s Consumer Sentiment Index (CSI), released January 28, fell 4.8%, hitting a level not seen since November 2011. Households under $100k income held a more pessimistic view, dropping by 9.4%. Consumers overwhelmingly (75%)...
Read MoreAccording to Fitch Ratings, issuance of CLOs in the U.S. and Europe surged to record levels last year. Fitch’s latest research report shows credit quality improvement and refinancing activity also hit a record high in...
Read MoreFreddie Mac released its quarterly Forecast on January 21 with a review of 2021 that cited the unemployment rate at 3.9% in December of 2021 and nonfarm payrolls still significantly below pre-pandemic levels. With the...
Read MoreMarketWatch reported on January 18 that the bond market selloff, based on trades since January 1, is the worst start to a year in three or four decades, raising expectations for a sooner than anticipated...
Read MoreThe National Association of Home Builders (NAHB) released their monthly index on January 18 showing the first decline of confidence among single-family home builders in four months, with future sales expectations for the next 6...
Read MoreCoreLogic’s monthly Loan Performance Report, released January 11, shows that October’s mortgage delinquency rate, which has been steadily declining, has returned to pre-pandemic levels at 3.8% overall delinquency compared to 3.7% in October 2019. The...
Read MoreThe January 7 release of the Fed’s Consumer Credit Report (G.19) indicates a brisk uptick in consumer credit with an 11% overall increase in outstanding debt, outpacing September and October increases of 7.2% and 4.4%...
Read MoreThe Bureau of Labor Statistics’ Job Openings and Labor Turnover Summary (JOLTS) report, released January 4, tallied 6.3 million total separations in November, matching the record set in September. The hospitality industry saw over a...
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