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Speech
Financial Conditions, the Economic Outlook and Monetary Policy
St. Louis Fed President Alberto Musalem gave a speech, “Financial Conditions, the Economic Outlook and Monetary Policy,” at a Money Marketeers of New York University Inc. event in New York.
Strong Earnings, Asset Quality Put U.S. Banks on Solid Ground
U.S. banks have strong fundamentals, but regulators are keeping an eye on credit quality as delinquency rates rise for certain consumer and commercial real estate loans.
Journal Article
Consumer Credit Cards Show Few Signs of Financial Stress
Since monetary policy tightening began in March 2022, interest rates have risen across a range of consumer financial products, including credit cards. However, the consumer credit market shows little sign of financial stress as of September 2024. While credit card delinquency rates have increased among subprime borrowers, internal bank assessments suggest that subprime default risks remain historically low.