SURVEY OF CONSUMER EXPECTATIONS
November Survey: Short- and medium-term inflation expectations were little changed, remaining around 3.0 percent. Meanwhile, expectations about home prices continued their downward trend, while earnings and unemployment expectations deteriorated for the second consecutive month.
SCE CREDIT ACCESS SURVEY
The latest SCE Credit Access Survey shows a decline in the credit application rate among consumers in 2018, alongside an increase in the rejection rate. The proportion of respondents who said that a lender closed one of their accounts, most commonly a credit card, also rose notably over the year.
Quarterly Report on Household Debt and Credit
Q3 Report: Total household debt increased by $219 billion, or 1.6 percent, to reach $13.51 trillion in the third quarter of 2018—marking a seventeenth consecutive quarterly increase. Total household debt is now $837 billion higher than its previous peak of $12.68 trillion in the third quarter of 2008.