New York Fed: Household debt dipped to $18.8T in Q2
Total household debt decreased $13 billion, or 0.1%, to $18.8 trillion in the second quarter of the year, the Federal Reserve Bank of New York said in its Quarterly Report on Household Debt and Credit. The post New York Fed: Household debt dipped to $18.8T in Q2 appeared first…
Total household debt decreased $13 billion, or 0.1%, to $18.8 trillion in the second quarter of the year, the Federal Reserve Bank of New York said in its Quarterly Report on Household Debt and Credit. The post New York Fed: Household debt dipped to $18.8T in Q2 appeared first…
BELLINGS Intelligence Score: 18
Why it matters
The slight dip in total household debt reported by the New York Fed is routine economic data reflecting ordinary credit market activity without novel implications or systemic impact.
Sources
ABA Banking Journal
New York Fed: Household debt dipped to $18.8T in Q2
Total household debt decreased $13 billion, or 0.1%, to $18.8 trillion in the second quarter of the year, the Federal Reserve Bank of New York said in its Quarterly Report on Household Debt and Credit. The post New York Fed: Household debt dipped to $18.8T in Q2 appeared first…
Fast Company
New York Fed data shows K-shaped economy isn’t over yet—even if Trump’s Treasury Secretary says it is
Data from the Federal Reserve Bank of New York is shedding new light on the current state of the American economy. On Tuesday, the New York Fed issued its Quarterly Report on Household Debt and Credit , and an accompanying blog post on credit card delinquency. The report found…