Board of Governors of the Federal Reserve System

remain open to the arguments advanced by others in this space. The Role...stable, and dependable form of money around the world. It serves as a

lower-income customers. In some cases, alternative financial services ...moving the study of financial health beyond self-reported perceptions

or, "insufficient orders") as the reason for operating at less than capacity

lower price levels before raising prices. Others have reported waiting...stable at this juncture. When excluding tariff effects, 12-month core

Treasury yield curve changes were considered. The upward parallel yield...yield curve flattening scenario assumed a flattening of the Treasury yield

or, perhaps more precisely, complementary, policy responses.1 To date,...high-yield corporate bonds, and other instruments backed by assets with

lower yields from such issuers. Indeed, once we control for the issuer...lower yields from them. Table 2: Average type 1 - type 2 spreads for AA

stable, a series of supply shocks associated with the pandemic and Russia's...moving below trend in 2022 (figure 2). Although demand came in near the

remaining term of these projects b. other capital expenditures – single-year...remaining years for conditional approval, requiring additional review

moving up. Dallas noted strong demand for energy equipment and oil machinery...remain generally stable." New York indicated "there has been little change