Federal Reserve Issues Alert on Growing Delinquency Rates as Key Economic Indicator
Tuesday, 28 May 2024, 20:30
FED Warns Against Rising Delinquency Rates
Key Indicator of Economic Downturn
- Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlights the surge in delinquency rates.
- New data reveals significant uptick in consumer delinquencies.
- Goolsbee: 'Rising delinquency rates often signal impending economic challenges.'
This alert from the Federal Reserve underscores the importance of monitoring delinquency rates as a pivotal indicator for potential downturns in the economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.