S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday (Jan. 15) that showed default rates across all loan types increased from November. According to the S&P/Experian Consumer Credit Default Indices, which the companies said in a press release represent a comprehensive...
The Organization for Economic Cooperation and Development (OECD), a consortium of 34 nations worldwide, has warned that the U.S. and other large economies are poised to experience slowdowns this year. The OECD indicators are based on data that can provide signs of economic acceleration and slowdown. This...
Federal Reserve Chairman Jay Powell said that an extended government shutdown could be damaging to the U.S. economy, according to a report in Financial Times. The chairman shared his thoughts about the shutdown at a Washington luncheon on Thursday (Jan. 10) at the Economic Club...
U.S. banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC, citing Calculated Risk, last year was the first time since 2006 that not one U.S....
By any reckoning, there may be a reckoning coming for stocks. The December no one wants to remember is in the rearview mirror, while January has shown some real continued volatility. But the trend, at least for fundamentals, is certainly less sanguine than had once been...
Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the quickest cadence in months. At the same time, average hourly earnings notched their top full-year gains in years during the month, The Wall...
Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling, reported The Wall Street Journal. According to a report citing data from the Federal Reserve, consumer debt — which includes credit cards, auto loans,...
The trade war between the United States and China has ended up costing billions of dollars for both sides during 2018, with agriculture feeling the most pain. Reuters, citing Purdue University agriculture economist Wally Tyner, reported that disrupted trade for the agricultural industry hurt both...
What a difference a decade makes. Ten years ago, consumer confidence had slipped to an all-time low, and consumer spending followed it down the rabbit hole. At the close of 2018, the consumer’s outlook on things is several shades brighter than it was a decade ago. Consumer...
