Total household debt decreased by 0.1%, or $13 billion, in the second quarter to $18.8 trillion, the Federal Reserve Bank of New York reported last week. Mortgage balances declined by $74 billion.
Tag: New York Fed
New York Fed: Short-Term Inflation Expectations Increase
Households’ inflation expectations increased at the short- and medium-term horizons and remained unchanged at the longer-term horizon, the Federal Reserve Bank of New York reported.