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📈 Macroeconomics

S&P Global: US bankruptcy filings spiked in August

S&P Global: US bankruptcy filings spiked in August (63) after a July slowdown, leading to the highest total for the first eight months of the year since 2020 and the second-highest since 2010.

US bankruptcy filings surged in August after a slowdown in July, reaching the highest total for the first eight months of the year since 2020, according to data from S&P Global Market Intelligence. A total of 63 public and certain private companies filed for bankruptcy in August, up

Patrick Harker’s tenure will conclude on June 30, 2025

Philadelphia Fed launches search for its next president and CEO, as current president and CEO Patrick Harker’s tenure will conclude on June 30, 2025.

The Federal Reserve Bank of Philadelphia has begun its search for a new president and CEO to succeed Patrick T. Harker, whose tenure will end on June 30, 2025. A committee of eligible Philadelphia Fed board members, in accordance with Federal Reserve policies, will lead the search, chaired by Anthony

Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June.

Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June. The MCT gauges inflation’s persistence across 17 core sectors of the personal consumption expenditures (PCE) price index.

Inflation measured by the Multivariate Core Trend (MCT) model increased to 2.5% in July, up from a revised 2.2% in June, signaling growing inflationary pressure. The MCT, which gauges inflation’s persistence across 17 core sectors of the personal consumption expenditures (PCE) price index, indicated that the probability

S&P Global: The delinquency ratio for CRE loans across US banks rose 16 basis points in Q2 to 1.40%

S&P Global Market Intelligence: Commercial real estate loan delinquencies reaccelerate as loan growth slows. The delinquency ratio for CRE loans across US banks rose 16 basis points in Q2 to 1.40%

According to data from S&P Global Market Intelligence, the delinquency rate for commercial real estate (CRE) loans across U.S. banks increased to 1.40% in the second quarter, reflecting ongoing stress in the office sector. CRE borrowers are under pressure from higher interest rates as loans mature,

Real gross domestic product (GDP) increased at an annual rate of 3.0% in Q2:2024

Real gross domestic product (GDP) increased at an annual rate of 3.0% in Q2:2024, according to the "second" estimate released by the U.S. Bureau of Economic Analysis, which was up from 2.8% in the 'advance' estimate.

U.S. GDP grows at 3.0% in Q2 2024, reflecting strong consumer spending: The U.S. economy grew at an annual rate of 3.0% in the second quarter of 2024, according to the "second" estimate released by the U.S. Bureau of Economic Analysis. This marks

FOMC Minutes: "The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system's financial vulnerabilities as notable." Ruh-roh...

FOMC Minutes: "The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system's financial vulnerabilities as notable." Ruh-roh...

Fed Releases Minutes from July FOMC Meeting Highlighting Economic Concerns and Financial Vulnerabilities The Federal Reserve released the minutes from the Federal Open Market Committee (FOMC) meeting held on July 30-31, 2024, providing insights into the economic and financial conditions discussed by the Committee. The minutes, published three weeks after

Individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023.

SCE Labor Market Survey: The proportion of individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023, highest reading since March 2014.

The Federal Reserve Bank of New York’s Center for Microeconomic Data has released the July 2024 SCE Labor Market Survey, highlighting significant shifts in job market dynamics. The SCE Labor Market Survey, fielded as part of the Survey of Consumer Expectations (SCE) since March 2014, provides information on consumers’