The US PCE report confirmed the signal from Thursday's preliminary GDP release that consumer spending was resilient in Q3. Although personal income growth unexpectedly slowed, both nominal and real spending growth…
The US Q3 GDP release delivered a positive signal about the US economy. Economic growth accelerated from 2.1% q/q to 4.9% q/q on an annualized basis – beating expectations of 4.5%. A significant acceleration in consumption…
As expected, the ECB kept policy on hold on Thursday. In a unanimous decision, it maintained the deposit rate at an all-time high of 4% following 10 consecutive increases. Ultimately, the tone of the communication was on the…
The Atlanta Fed's Home Ownership Affordability Monitor (HOAM) – which gauges a median-income households' ability to absorb annual costs related to owning a median-priced home – dropped to a fresh record low in…
According to BCA Research's China Investment Strategy service, the property market has not cleared. Property market indicators suggest that China's real estate sector is still struggling to stabilize. Home sales and…
Results of the ECB's Q3 Bank Lending Survey indicate that the impact of tight monetary policy is weighing down on lending conditions and loan demand in the Euro Area. In terms of credit standards, the survey results reveal…
BCA Research’s US Investment Strategy service studied the SIFIs’ earnings calls for insights into borrower performance, lender willingness, liquidity and the actions and intentions of households and businesses.…
The biggest banks report that consumer credit card delinquencies still have yet to get back to pre-COVID levels and other credit performance indicators, leading and lagging, remain solid. There is still a great deal of cash sloshing…