Fed Beige Book says contacts report ‘solid’ holiday sales and have ‘modestly favorable’ expectations about 2020

2020-01-15

Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Fixed-income strategies dominate actively managed ETFs

2019-12-20

Everett Collection Would Daniel Craig, here as James Bond in 2012, like that ETF shaken or stirred? After a series of industry and regulatory decisions in 2019, there’s been a lot of talk about “actively managed” exchange-traded funds, along with some speculation that investors are about to get lots moreRead More →

More borrowers are getting rejected for auto loans

2019-12-16

U.S. consumers might have their pick of employment in today’s robust job market, but that doesn’t mean everyone is getting financed for a car. A Federal Reserve Bank of New York survey of consumer credit released Monday showed a spike in the rate of auto-loan rejections, to 8.1% in OctoberRead More →