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16 Nov 2018

NY Fed: Total household debt rose by $219 billion to $13.51 trillion Q3

"The CMD’s latest Quarterly Report on Household Debt and Credit reveals that total household debt rose by $219 billion to reach $13.51 trillion in the third quarter of 2018—an increase of 1.6 percent, up from a rise of 0.6 percent in the second quarter," the Federal Reserve Bank of New York reported on Friday.

Key quotes

Mortgage balances, shown on consumer credit reports on September 30 stood at $9.1 trillion, an increase of $141 billion from the second quarter of 2018.
Non-housing balances jumped by $88 billion in the third quarter, with auto loans increasing by $27 billion, credit card balances going up by $15 billion, and student loan balances seeing a seasonally typical $37 billion increase.

Nov 16, 2018

Kansas Fed: Manufacturing activity edged higher in November

"Growth in Tenth District manufacturing activity edged higher in November, while expectations for future activity moderated slightly," the Federal Res

UK PM Spokesman: PM May takes charge of Brexit talks; strips Brexit department of role

A spokesman for British Prime Minister Theresa May recently announced that Steven Barclay, a mid-ranking health minister and former whip, is named the