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The Fed Challenge Rony Byas, Tina Byrne, Tashdid Hasan, Changhyon Hwang, Vincent Lo November 10, 2008. GDP Contracts in the Third Quarter. Source : Federal Reserve Bank of New York. Consumer Confidence Plummets in October. Source : The Conference Board.
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The Fed Challenge Rony Byas, Tina Byrne, Tashdid Hasan, Changhyon Hwang, Vincent Lo November 10, 2008
GDP Contracts in the Third Quarter Source : Federal Reserve Bank of New York
Consumer Confidence Plummets in October Source : The Conference Board
Consumer Spending Continues to DecreaseMonthly and YoY % Change 3rd Quarter Personal Consumption Expenditures RDI 0.1% Real Disposable Income PCE -0.4% Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis
Unemployment Rate Continues to Rise October 6.5 Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis
Nonfarm Payroll Employment Continues to Decline Monthly and YoY % Change Monthly Change (Left Scale) % Change Year Over Year (Right Scale) October -240,000 Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis
ISM Manufacturing Index Experiences a Sharp Plunge October 38.9 Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis
Housing Starts on a Steep Decline Monthly Change (Thousands of Units) 817K 544K Source : U.S. Census Bureau
Housing Prices Have Been on a Gradual DeclineCase-Shiller 10 and 20 Composite YoY % 16.6% 17.7% Source : Standard and Poor’s
U.S. Home Foreclosure Filings on the RiseMonthly Change September 266,000 Source : RealtyTrac
Housing Problems Concentrated in Key Areas of the Country Source : First American CoreLogic
Difference Between 3-Month LIBOR Rate and 3-Month Treasury Yield TARP passed Lehman Brothers files for bankruptcy Credit crisis begins Source : Bloomberg
Commercial Paper Market in Distress Risk premiums have been elevated.. .. and issuance of new commercial paper has declined. Source : The Federal Reserve Board
Numerous Programs Have Been Implemented to Restore Economic Stability Source : Credit Suisse
Inflation Starting to Moderate Core CPI and Core PCE YoY% Change October Core CPI 2.5% 2.4% Core PCE Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis
Inflation Expectations Have Been Easing10-Year TIPS Spread 97 bps Source : The Federal Reserve Board