from Liberty Street Economics
-- this post authored by Meta Brown, Donghoon Lee, Andrew Haughwout, Joelle Scally, and Wilbert van der Klaauw
Last Friday, New York Fed President William Dudley spoke to the press about the growing resilience of the U.S. household sector. His speech was followed by a briefing by New York Fed economists on developments in household borrowing. Their presentation included a detailed decomposition on mortgage borrowing and payment trends, and some new research on how borrowing has evolved differently across age groups. Today, the New York Fed also released the Quarterly Report on Household Debt and Credit for the fourth quarter of 2015. The report, the press briefing , and the following analysis are all based on the New York Fed Consumer Credit Panel, which is itself based on consumer credit data from Equifax.
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from the Atlanta Fed
-- this post authored by David Lott
In our 2015 year-end retrospective post, we commented on the slow pace of adoption of mobile payments despite the introduction of several major mobile wallets. While some consumer research continues to point to widespread consumer usage of mobile wallets in the coming years, we have seen similar projections from past research fail to materialize.
Infographic Of The Day: Remembering What Happened To The Space Shuttle Challenger
NASA's space shuttle Challenger accident was a devastating tragedy that killed seven astronauts and shocked the world on Jan. 28, 1986.
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from The Conversation
-- this post authored by Scott Lucas, University of Birmingham
Headlines are declaring the arrangement of a ceasefire in Syria's conflict. Announced by US secretary of state John Kerry and Russian foreign minister Sergei Lavrov late on February 11, it has been greeted as a ray of hope in the floundering efforts to end this seemingly intractable conflict.
Economics Professor: Negative Interest Rates Aimed At Driving Small Banks Out Of Business And Elimin
by Jeff Miller, A Dash of Insight
The economic calendar is again light in a holiday-shortened week. There are a variety of important news items, but no dominant theme. I expect the punditry to seize the opportunity by asking:
What are the biggest market worries?
12Feb2016 Market Close: Averages Climb Higher In Afternoon Trading, WTI Settles At $30 Bbl And Equit
12Feb2016 Market Update: US Markets Up, DOW Up 200 Points, WTI Oil Still Melting Upwards, Market Tre
12Feb2016 Pre-Market Commentary: US Futures Higher This Morning Along With WTI Crude Climbing Higher
from the Philadelphia Fed
The economy looks weaker now than it did three months ago, according to 40 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters predict real GDP will grow at an annual rate of 2.0 percent this quarter and 2.5 percent next quarter.