The New York Fed’s Quarterly Report on Household Debt and Credit is not a rate sheet. It does not contain your APR, your term length, or your monthly payment. What it contains is a quarterly snapshot of aggregate auto loan…
Natural gas futures fall. Your electric bill’s fuel adjustment line rises. That is not a billing error. It is four separate clocks running at different speeds, and the total lag is their sum, not a single published number. The fuel…
Editorial note: This publication and Quirky Cotton Collective share an owner, so treat what follows as an owner-authorized column rather than an independent review. The shirt reads like a piece of municipal signage that wandered onto cotton. Across the chest:…
Editorial note: This publication and Quirky Cotton Collective share an owner. The design is a diagram, not a slogan. On a white shirt, the words I HAD POTENTIAL sit in white capitals above a curved ramp that descends from left…
Four root vegetables sit in a row of soil, each with a face. A carrot, a radish, a beet, an onion. Their roots hang below the soil line, drawn as thin branching threads. Around them, in capital letters, the shirt…
Your five-year fixed renewal quote moved this week. The Bank of Canada did not. That is not a contradiction. It is the normal operation of two different prices set by two different mechanisms on two different clocks. The Bank of…
The Senior Loan Officer Opinion Survey is not a rate. It is a quarterly census of what bank credit desks say they are doing to lending standards. The Federal Reserve surveys up to eighty large domestic banks and twenty-four U.S….
Nina Quintos | Daily Quint The Secured Overnight Financing Rate (SOFR) is the benchmark that replaced LIBOR for dollar-denominated derivatives and many variable-rate consumer loans. It is published daily by the Federal Reserve Bank of New York, based on overnight…
At 9:00 a.m. ET on a Tuesday in late October, the Federal Home Loan Bank of Atlanta posted its weekly advance volume summary. Total advances outstanding had jumped $14.2 billion in a single week, concentrated in three member institutions. Eight…
The Secured Overnight Financing Rate — SOFR — is the volume-weighted median rate on roughly a trillion dollars of overnight Treasury repurchase agreements. The Federal Reserve Bank of New York publishes it every business morning at 8:00 a.m. Eastern. It…
SOFR printed around 4.53 percent on December 31, 2024. That was roughly 20 basis points above the effective fed funds rate for the same day, and about 15 basis points above where the overnight rate sat two weeks earlier, right…
The Secured Overnight Financing Rate (SOFR) is what it costs a bank to borrow cash overnight against U.S. Treasury collateral. The New York Fed publishes it every business morning, built from more than $1 trillion of repurchase-agreement trades. It replaced…