Economic & Financial Stress & Stability

Check out the accompanying pdf and chart collection. Executive Summary: Two different recent surveys taking the pulse of businesses—one measuring sentiment among small business owners nationwide and the other manufacturing activity in New York State—showed depressed readings. The problem isn’t demand but the ability to supply given the tight labor market. … Two recent Federal Reserve reports—measuring the household debt and credit of US consumers and the financial stability of the economy generally—showed that neither the consumer nor the banking sector nor the financial system generally is especially stressed.