Board of Governors of the Federal Reserve System

strategies. New automobile sales have been soft, particularly in the light...strategies. Automobile sales during April and May have generally disappointed

expectations about short-term real rates far into the future. Said differently...mark-to-market changes in value. And, indeed, we find that when the yield

market still performs above expectations. The data we have received the...And, though there was a drop in labor force participation in December,

and, according to the advance estimate from the Commerce Department, declined...and, by some measures, moved lower last year. Weakening economic activity

Market CommitteeFederal Reserve System AuditsFederal Reserve System BudgetsRecord...expenses—and the return on equity (profit) that would have been earned

communication between bankers and the bank supervisory agencies. Today's...and, more broadly, the appropriate role for market discipline on insured

and expects these BHCs to have the most sophisticated, comprehensive, ...strategy and to assess post-stress capital levels over the full planning

Markets Current Research Topics Financial Market Frictions and Real Activity...Strategy Laura Feiveson, Nils Goernemann, Julie Hotchkiss, Karel Mertens

expectations in many of them. Auto sales, however, are generally down,...expectations; in the Atlanta and St. Louis districts, sales have generally

and, excluding motor vehicles, in both wholesale and retail trade. The...and, notably for some Asian economies, the poor performance of the global