Tag Archive for ‘Federal Reserve’

Consumer Credit Grows on Student, Auto Loans

Consumer credit outstanding grew by a seasonally adjusted annual rate of 3.6%, $126.5 billion, in the month of January 2016, 3.7 percentage points slower than the 7.3% rate of growth recorded in December 2015. Consumer credit outstanding now totals $3.544 trillion. According to the Federal Reserve Board’s Consumer Credit Report, the increase in total consumer credit outstanding reflected an expansion in the… Read More ›

Lending Standards on AD&C Financing Continue to Ease, but at a Moderately Slower Pace

Builders and developers continue to report easing credit standards for acquisition, development, and construction (AD&C) loans. However, the pace of easing has slowed somewhat from previous periods. According to NAHB’s Survey on Acquisition, Development & Construction Financing, 27.7% of survey respondents on net indicated that overall lending standards on AD&C loan availability had eased in the fourth quarter of 2015…. Read More ›

Federal Open Market Committee January Meeting – Who To Believe?

The minutes from the January meeting of the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), a more detailed account than the statement released immediately following the meeting, and traditionally released three weeks after the meeting, indicate an increase in the uncertainty surrounding current economic conditions and their implications for economic growth, labor market improvements and… Read More ›

Household Debt Outstanding Rises as Mortgage Debt Expands

Aggregate household debt outstanding totaled $12.116 trillion in the fourth quarter of 2015, 2.4%, $289 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 0.6%, $56 billion. The increase in housing-related debt outstanding reflected… Read More ›

Consumer Credit Expands in 2015

Consumer credit outstanding grew on a seasonally adjusted annual rate of 7.2% over the month of December and by 5.8% over the fourth quarter of 2015. Over the year of 2015, consumer credit outstanding expanded by 6.9%. There is now $3.55 trillion in outstanding consumer credit. Growth in the outstanding amount of consumer credit over the year partly reflected an… Read More ›

AD&C Credit Standards Tighten, Even as Outstanding Loan Amounts Rise

Credit standards on loan applications for construction and land development loans or credit lines tightened, on net, over the fourth quarter of 2015. According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 12.7% said that lending standards at their respective commercial bank tightened. The net share represents the difference between… Read More ›

Federal Open Market Committee January Meeting – No Change

The Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its January meeting and released the standard post-meeting statement announcing the widely expected result of no change in the target for the benchmark short-term interest federal funds rate leaving it at 25-50 basis points. The committee recognized continuing progress in the labor market despite slower economic… Read More ›

Federal Open Market Committee December Meeting – Gradual Adjustments In The Stance of Monetary Policy

Just as few were surprised when the Federal Reserve announced the first increase in the target range for the federal funds rate in the statement following the December meeting, there were few surprises in the more detailed minutes of the meeting, released three weeks later. The minutes reiterated the basic themes that have guided deliberations in recent months: accumulated improvements… Read More ›

Federal Open Market Committee December Meeting – We Have Liftoff!

But, as we’ve been told repeatedly, the path of subsequent increases is more important, is expected to be gradual, and will be dependent on the progress of economic conditions, namely, continuing strength in output growth, improvements in the labor market and progress toward 2 percent inflation. The statement and press conference following the Federal Reserve’s monetary policy setting committee, the… Read More ›

Consumer Credit Continues to Grow

Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.5%, $191.8 billion, in the month of October 2015, 4.4 percentage point slower than the 9.9% rate of growth recorded in September 2015. Consumer credit outstanding now totals $3.512 trillion. The increase in total consumer credit outstanding largely reflected an expansion in the outstanding amount of non-revolving consumer credit. Non-revolving consumer… Read More ›