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The Wall Street has found something else to worry about
Ahead of the start of the first-quarter corporate earnings season in the US, a survey showed that consumer expectations of inflation have increased at short-term and Medium-term horizons. The Federal Reserve Bank of New York’s March Survey of Consumer Expectations said that inflation expectations have increased at the short-term and medium-term horizons.
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delinquencies and household debt all rose in the last quarter
US consumers added to their debt and grew their credit card balances at a record rate in the third quarter of 2019, the Federal Reserve Bank of New York said. The share of debt that has become delinquent increased across nearly all debt types in this high-inflation and interest-rate environment. Mortgage originations went down in…