Estimate: BNPL providers issued ~$160 billion in 2025, with “pay in 4” representing 50% of issuance and other short-/longer-term installment loans the remainder. (2/2) www.federalreserve.gov/econres/note...
New #FEDSNote addresses critical measurement gap in BNPL literature with first analysis beyond “pay in 4”. (1/2) www.federalreserve.gov/econres/note... #EconSky
New #FEDSNote: Mexico in US Supply Chains Lessons from 2018-19 Tariffs: www.federalreserve.gov/econres/note... #EconSky
ICYMI New #FEDSPaper: Skill and Efficiency in the U.S. Mutual Fund Industry: www.federalreserve.gov/econres/feds... #EconSky
The authors estimate the decline in the valuation of mortgage servicing rights held by banks in a time of economic stress. www.federalreserve.gov/econres/note... #FEDSNote #EconSky
ICYMI What is different about “China Shock 2.0”? It is not just an export surge: exports are rising much faster than imports, reflecting a more self-reliant strategy and pushing China’s trade surplus to unprecedented levels relative to the world economy. (1/2) www.federalreserve.gov/econres/note...
www.federalreserve.gov
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
The Federal Reserve Board of Governors in Washington DC.
ICYMI Alternative scenarios often proved more accurate than the baseline forecast. New #FEDSPaper catalogs 1,265 'what-if' exercises from 1968-2020, tracking how Fed staff prepared for demand shocks, supply disruptions, and financial crises. www.federalreserve.gov/econres/feds...
New #FEDSPaper: Slow Learning: www.federalreserve.gov/econres/feds... #EconSky
Scale matters: China is much larger than during the first China Shock, so a given proportional shift in trade flows implies a larger global reallocation. The shock is also broader geographically and increasingly overlaps with advanced economies. (2/2) www.federalreserve.gov/econres/note...
ICYMI New #FEDSPaper: The Causal Effect of Debt on Interest Rates: www.federalreserve.gov/econres/feds... #EconSky
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
The Federal Reserve Board of Governors in Washington DC.
