Board of Governors of the Federal Reserve System

high-yield bonds. Figure 1: U.S. CLOs Outstanding (in $ billions) Billions...stable since 2015 with some increase in the percentage held by insurance

stable, although a few contacts noted that the number of big box plans...or limiting or delaying merit increases. Agriculture Above-average rains

Treasury yields were in the neighborhood of 1.60 percent. Two months later...remain broadly aligned with our current expectations for the economy,

lower than a year earlier, on average, but declines had slowed to between...lower than they were at the beginning of the year. However, the degree

remain acutely mindful of the need to focus sufficient resources and attention...moving in a timely fashion to enhance their measurement of counterparty

remained strong, and a few districts noted stable or improving conditions...lowering of standards because of competition. Agriculture Agricultural

lower in the Europaper market roughly one-third to one-half of the time...lower in the U.S. market than in the Euromarket, but the higher remuneration

or could diminish. Inventory levels at most contacted firms have risen...stable. All but one of the contacted companies reports stable to increasing

lower levels of financial well-being than those living in middle- or upper-income...or that their financial well-being is improving even if they are still

lower at a building supply chain as housing construction cooled. Car and...moving into their areas were unable to complete home purchases there because