Bank auto outstandings jump $41B in Q2
Bank auto outstandings are now on the rise after months of stifled growth as economic uncertainty spurs tightened credit underwriting ...
Tag: Federal Reserve
Credit demand rises as standards ease in Q2
Banks eased credit standards for auto loans in the second quarter as they reported increased consumer demand, according to the ...
US jobs jump by most in 10 months as economy gains steam
The pace of U.S. hiring accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having ...
Fed pivot seen as bump, not dead end for reflation trade
Markets were upended last week after the U.S. Federal Reserve signaled it would begin to dial back the stimulus that ...
Powell faces tough campaign to convince traders of Fed’s resolve
The Federal Reserve succeeded in pushing back against market expectations for a rate hike in the next two years, but ...
Banks to decrease reserve balances through yearend
Major domestic banks are pumping the brakes on increasing reserve balances in the fourth quarter amid improving macroeconomic conditions. Nearly ...
Fed signals rates will stay near zero for at least 3 years
The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to ...
U.S. Consumer Credit Extends Rebound as Auto Sales Increase
U.S. consumer borrowing rose in July for a second month, reflecting an increase in non-revolving credit such as auto loans ...
