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Posts Tagged ‘ Feds ’

Fed’s Beige Book: “Economic activity expanded moderately”, “concern about trade policy”

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Fed’s Beige Book: “Economic activity expanded moderately”, “concern about trade policy”

Fed’s Beige Book “This report was prepared at the Federal Reserve Bank of Cleveland based on information collected on or before May 21, 2018.” Economic activity expanded moderately in late April and early May with few shifts in the pattern of growth. The Dallas District was an exception, where overall economic activity sped up...
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Fed’s Beige Book: Economic activity expanded in the “modest to moderate range” in most Districts

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Fed’s Beige Book: Economic activity expanded in the “modest to moderate range” in most Districts

Fed’s Beige Book “Prepared at the Federal Reserve Bank of Chicago and based on information collected on or before April 7, 2016.” Reports from the twelve Federal Reserve Districts suggest that national economic activity continued to expand in late February and March, though the pace of growth varied across Districts. Most Districts said that...
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Fed’s Beige Book: “Economic activity expanded in most Districts”

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Fed’s Beige Book: “Economic activity expanded in most Districts”

Fed’s Beige Book “Prepared at the Federal Reserve Bank of Kansas City and based on information collected before February 22, 2016.” Reports from the twelve Federal Reserve Districts continued to indicate that economic activity expanded in most Districts since the previous Beige Book report. Economic growth increased moderately in Richmond and San Francisco and...
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Fed’s Flow of Funds: Household Net Worth Declined in Q3

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Fed’s Flow of Funds: Household Net Worth Declined in Q3

The Federal Reserve released the Q3 2015 Flow of Funds report today: Flow of Funds. According to the Fed, household net worth decreased in Q3 compared to Q2: The net worth of households and nonprofits fell to .2 trillion during the third quarter of 2015. The value of directly and indirectly held corporate equities...
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Fed’s Williams and Bullard on Rate Hikes

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Fed’s Williams and Bullard on Rate Hikes

First San Francisco Fed President John Williams explains why he is willing to be patient on rate hikes: China, Rates, and the Outlook: May the (Economic) Force Be with You Regarding monetary policy, we’re balancing a number of considerations, some of which argue for greater patience in raising rates and others that argue for...
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Fed’s Beige Book: Economic Activity Expanded mostly at Modest to Moderate pace

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Fed’s Beige Book: Economic Activity Expanded mostly at Modest to Moderate pace

Fed’s Beige Book “Prepared at the Federal Reserve Bank of Cleveland based on information collected on or before April 3, 2015.” Reports from the twelve Federal Reserve Districts indicate that the economy continued to expand across most regions from mid-February through the end of March. Activity in the Richmond, Chicago, Minneapolis, Dallas, and San...
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Wednesday: ADP Employment, ISM Service Index, Fed’s Beige Book

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Wednesday: ADP Employment, ISM Service Index, Fed’s Beige Book

The earliest report tomorrow – the weekly mortgage survey from the Mortgage Bankers Association – is expected to show 30 year mortgage rates at or above 4%. Neil Irwin at the WaPo asks: Will higher mortgage rates kill the housing market? Maybe not! ising mortgage rates, if they’re rising for good reasons, could actually...
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Fed’s Pianalto discusses Benefits and Costs of QE3

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Fed’s Pianalto discusses Benefits and Costs of QE3

From Cleveland Fed President Sandra Pianalto: The Federal Reserve and Monetary Policy I am expecting the U.S. economy to continue to grow, but at a moderate pace. I expect economic growth of about 2 percent this year. And with this moderate GDP growth forecast, my outlook is for very slow improvement in the jobless...
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Fed’s Rosengren says allow underwater borrowers to refinance

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Fed’s Rosengren says allow underwater borrowers to refinance

The Federal Reserve's policy of keeping interest rates low to spur lending hit a barrier in the recovery with home prices falling and underwriting guidelines keeping borrowers from refinancing, said Eric Rosengren, president of the Federal Reserve Bank of Boston. With that in mind, the Fed Bank CEO said he supports policies that would...
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Fed’s Raskin: No improvement in Mortgage Servicer operational performance

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Fed’s Raskin: No improvement in Mortgage Servicer operational performance

From Fed Governor Sarah Bloom Raskin: Putting the Low Road Behind Us. Excerpt: Late last year, the federal banking agencies began a targeted review of loan servicing practices at large financial institutions that had significant market concentrations in mortgage servicing. The preliminary results from this review indicate that widespread weaknesses exist in the servicing...
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