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Tag Archives: New York Federal Reserve

Fed to Cut Interest Rates in 2019?

Fed Rate

A study from WalletHub found that 76% of people support a cut in the Federal interest rates, and the probability of a rate cut increases as 2019 continues. WalletHub states that there is a 23% chance the Federal Reserve will ...

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Household Debt on the Rise

The Federal Reserve Bank of New York recently released its quarterly report on Household Debt and Credit. Read on to discover the data breakdown for Q3 2017.

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Survey: Americans’ Attitude Mixed Toward Housing, Economy

Consumers' median earnings growth expectations were 2.5 percent for the year ahead in December, the New York Fed revealed. While that marks a step back from November's reading of 2.7 percent, it's still the second-highest reading since the start of that measure in July 2013.

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New York Fed Finds Increasing Debt Levels in Q1

The New York Fed recorded an increase of $129 billion in national outstanding household debt in the first three months of the year, bringing the total debt level up to $11.65 trillion. It was the third straight quarterly gain. Leading the increase was a rise in mortgage debt, which was up by $116 billion from the end of 2013, according to the bank.

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