Page 20 - Microeconomic Data News Today

We are in a new year, so have a new plan for your finances.

Written by rjs, MarketWatch 666News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the prospects for an infrastructure bill, stimulus checks, government funding, the Fed, the latest employment data, housing market reports, mortgage delinquencies & forbearance, travel, layoffs, lockdowns, and schools, as well a...

A top ranked economics and finance blog with a focus on the housing market

Home loans drive up household debt by Bloomberg | Today at 2:17 a.m. U.S. household debt rose at the fastest pace since 2013 in the second quarter, driven by a mortgage boom as Americans took advantage of low borrowing costs and sought more space to work from home. Household liabilities climbed $313 billion to $14.96 trillion as of the end of June, a 2.1% rise from three months earlier, the Federal Reserve Bank of New York said in a report published Tuesday. Most of the increase came in mortga...

US household debt soared to nearly $15 trillion last quarter By Anneken Tappe, CNN Business Published Aug 4, 2021 11:19:56 AM enablePagination: false (CNN) — Americans have more debt than ever before. A surge in credit card spending and home purchases caused US household debt to increase by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York. Thats the largest nominal jump since 2007 and the biggest percentage increase in seven and a half years. In...

Credit card debt has declined by a substantial amount. Here's what you need to know.

   FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email. Name: posted on 13 May 2021 from the New York Fed The Federal Reserve Bank of New Yorks Center for Microeconomic Data today issued...

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5/12/2021 11:37:00 AM The Federal Reserve Bank of New Yorks Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows that total household debt increased by $85 billion (0.6%) to $14.64 trillion in the first quarter of 2021. The total debt balance is now $344 billion higher than the year prior. While mortgage, auto loan, and student loan balances have continued to increase, credit card balances have substantially decreased. The Report is base...

Investors have again latched on to concerns about inflation after putting their fears on hold last week when the US jobs data proved to be such a disappointment. Tech stocks led the steep downward spiral.  So what changed in the course of less than a week, bringing the inflation narrative back into play? Concerns are centred on commodity prices continuing their upward march and the supply constraints that are materialising. Under the spotlight is the acute global shortage of semiconductor chip...