Who is Driving the Recent Decline in Consumer Inflation Expectations?
The expectations of U.S. consumers about inflation have declined to record lows over the past several months.
The Importance of Commodity Prices in Understanding U.S. Import Prices and Inflation
The dollar rose sharply against both the euro and yen in 2014 and 2015 and non-oil import prices subsequently fell.
Trends in Debt Concentration in the United States By Income
Household debt in the United States expanded before the Great Recession, contracted afterward, and has been recovering since 2013.
Differences in Rent Inflation by Cost of Housing
We know that different people experience different inflation rates because the bundle of goods and services that they consume is different from that of the “typical” household.
Reframing the Debate about Payday Lending
Except for the ten to twelve million people who use them every year, just about everybody hates payday loans.
How Much Do Inflation Expectations Matter for Inflation Dynamics?
Inflation dynamics are often described by some form of the Phillips curve.
How Sensitive Is Housing Demand to Down Payment Requirements and Mortgage Rates?
When a household is looking to buy a home, financial considerations are usually very important.
Just Released: The New York Fed Staff Forecast, May 2015
Today, the Federal Reserve Bank of New York (FRBNY) is hosting the spring meeting of its Economic Advisory Panel (EAP). As has become custom at this meeting, FRBNY staff are presenting their forecast for U.S. growth, inflation, and unemployment through the end of 2016. Following the presentation, members of the EAP, which consists of leading economists in academia and the private sector, are asked to discuss the staff forecast. Such feedback helps the staff evaluate the assumptions and reasoning underlying the forecast and the key risks to it. Subjecting the staff forecast to periodic evaluation is also important because it informs the staff’s discussions with New York Fed President William Dudley about economic conditions. In that same spirit, we are sharing a short summary of the staff forecast in this post. For more detail, please see the material from the EAP meeting on our website.
Just Released: SCE Credit Access Survey Shows Higher Likelihood of Consumers Applying for Credit
The Federal Reserve Bank of New York today released results from its February 2015, which provides information on consumers’ experiences with and expectations about credit demand and credit access.
No Guarantees, No Trade!
World trade fell 20 percent relative to world GDP in 2008 and 2009.
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