List of Flash News about NY Fed
Time | Details |
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2025-03-20 22:14 |
US Household Debt Reaches Record $18.04 Trillion in Q4 2024
According to The Kobeissi Letter, in Q4 2024, total US household debt increased by $93 billion, reaching a record $18.04 trillion as reported by the NY Fed. This significant rise in debt, especially credit card debt hitting an all-time high of $1.21 trillion, suggests potential liquidity challenges and could impact consumer spending patterns, which are critical for market traders to monitor. |
2025-03-19 00:25 |
US Mortgage Refinance Rejection Rates Hit 12-Year High, Quadrupling Since October 2023
According to The Kobeissi Letter, 41.8% of US homeowners seeking to refinance their mortgages have been rejected, marking the highest rejection rate in over 12 years. This figure has quadrupled since October 2023, as reported by the NY Fed. The surge in rejections indicates tightening credit conditions, which could impact consumer spending and the housing market. |
2025-03-18 23:28 |
Decline in Americans' Financial Resilience: Only 63% Can Afford $2,000 Emergency
According to The Kobeissi Letter, only 63% of Americans can afford a $2,000 emergency, marking the lowest level in at least a decade. This figure has dropped by 9 percentage points since February 2020, as reported by the NY Fed. The decline in financial resilience comes alongside record highs in household debt, indicating potential stress on consumer spending and economic stability. |
2025-03-18 23:28 |
Decline in Americans' Financial Resilience: Only 63% Can Afford $2,000 Emergency, NY Fed Reports
According to The Kobeissi Letter, only 63% of Americans can afford a $2,000 emergency, marking the lowest level in at least a decade. This figure has dropped by 9 percentage points since February 2020, as reported by the NY Fed. The decline in financial resilience comes amid record-high household debt levels. |
2025-03-08 21:29 |
US Firms Anticipate Significant Cost Increases in 2025, According to NY Fed
According to The Kobeissi Letter, US services and manufacturing companies expect their costs to increase by 5.7% and 7.3% respectively in 2025, as reported by the NY Fed. This marks the largest anticipated jump for manufacturing firms in at least 3 years. |
2025-02-18 22:42 |
US Household Debt Reaches Record $18.04 Trillion in Q4 2024
According to The Kobeissi Letter, US household debt surged by $93 billion in Q4 2024 to a record $18.04 trillion, as reported by the NY Fed. This significant rise reflects a $3.90 trillion increase over the last five years, with credit card debt reaching $1.21 trillion. Traders should monitor potential impacts on consumer spending and credit markets. |
2025-02-18 22:42 |
US Household Debt Reaches Record $18.04 Trillion in Q4 2024
According to The Kobeissi Letter, total US household debt surged by $93 billion in Q4 2024, setting a new record of $18.04 trillion, as reported by the NY Fed. The largest increase was observed in credit card debt, which reached $1.21 trillion, impacting consumer credit behavior and potential spending power, which traders should monitor closely for market implications. |