Chicago Fed news and trends

Online Lending And A Tale Of Two Fed Studies
Alternative Finances // November 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. But as online lending has become an increasingly important part of the financial services landscape,...

Pending Home Sales At Multi-Month Highs
Consumer Finance // March 30, 2017

If it’s spring, it must be home-buying time. Reuters reported that the level of contracts to buy U.S. homes defined as previously owned were at a 10-month high in February, which indicates, as the newswire notes, “robust demand” leading into what is traditionally a busy time...

Quick Reads
JPMorgan’s Dimon Says Recession Could Happen In 2023

October 10, 2022
JPMorgan CEO Jamie Dimon has said there’s likely to be a global recession by the middle of 2023 due to a confluence of “very, very serious” mix of factors, according to CNBC Monday (Oct, 10). Dimon has said the economy is doing well at the current time, and that consumers will likely be doing better for […]

Pending Home Sales At Multi-Month Highs

March 30, 2017
If it’s spring, it must be home-buying time. Reuters reported that the level of contracts to buy U.S. homes defined as previously owned were at a 10-month high in February, which...