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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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The NY Fed's quarterly report on Household Debt / Credit charts are worth a flip through - there's been a huge rise in credit card accounts, contrasting with slowing auto loans and flat new mortgage growth, which may point to increasing need to borrow to fund current consumption amid high inflation.
- But overall, in Q1 at least, there was extremely limited apparent stress on households - loan delinquency is extremely low by historic standards and not really rising. Compare to the significant rise in 2007-08 for instance.
- That will change for the worse as higher rates feed through, but it doesn't look like a story for a few quarters yet.
Source: NY Fed
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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