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NY Fed: Household debt rose by $114 billion (0.9%) to $12.84 trillion Q2 of 2017

"The CMD’s (the Center for Microeconomic Data) latest Quarterly Report on Household Debt and Credit reveals that total household debt rose by $114 billion (0.9 percent) to $12.84 trillion in the second quarter of 2017," said the Federal Reserve Bank of New York said on Tuesday.

Key quotes:

  • There were modest increases in mortgage, auto, and credit card debt (increasing by 0.7 percent, 2 percent, and 2.6 percent respectively), no change to student loan debt, and a decline in home equity lines of credit (which fell by 0.9 percent).

  • Flows of credit card balances into both early and serious delinquencies climbed for the third straight quarter—a trend not seen since 2009. 

USTR official: US, Canada & Mexico are well prepared to meet aggressive NAFTA timetable

The United States, Canada, and Mexico are well prepared to meet aggressive NAFTA timetable, a U.S. trade official said on Tuesday, as reported by Reut
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United States 4-Week Bill Auction declined to 0.94% from previous 0.985%

United States 4-Week Bill Auction declined to 0.94% from previous 0.985%
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