Jonnelle Marte

Citadel founder Ken Griffin says his new home of Miami could eventually unseat New York’s as the world’s financial center. “Miami, I think, represents the future of America,” he said. https://t.co/2GHHW5pgdF From his interview with @SmithMarkets & @sonalibasak

RT @PaigeSmithNews: For the last few months, @ScottJourno and I analyzed the subprime auto finance industry, learning about the financial a…

The Goldilocks economy feels just right now. Still, if the story of Goldilocks tells us anything, it’s that the bears eventually arrive. Nice read from @endacurran https://t.co/JQxrTuV1io

Immigrant workers, including those seeking asylum from countries like Venezuela, can help ease US worker shortages. But a months-long backlog in processing labor permits is slowing that progress. Important read from @MELopezMedina & @gutavsaraiva: https://t.co/o8kkqP5gey

"Credit card delinquencies continue to rise from their historical lows seen during the pandemic and have now surpassed pre-pandemic levels,” NY Fed researchers wrote in a blog post.

Bloomberg Economics @economics

US households tapped their credit cards more in the third quarter, when strong spending helped to power blockbuster economic growth. But Millennials and people with student debt and auto loans are falling further behind on payments https://t.co/N0yg43Z8Zw

Barkin didn't take future hikes off the table. Said inflation data before Dec. meeting is what he'll be watching most closely.

Squawk on the Street @SquawkStreet

.@RichmondFed President Thomas Barkin joins @carlquintanilla, @saraeisen, @davidfaber & @steveliesman for an exclusive interview to discuss todays jobs numbers and whether the Fed will raise rates again. https://t.co/UPYcves8x5

RT @markets: NOW: The Federal Reserve held interest rates at a 22-year high for a second straight meeting. How will that impact you before…

RT @business: The Federal Reserve held interest rates at a 22-year high for a second straight meeting. How will that impact you before the…

These climate disasters are speeding up the pace at which people get dislocated. What a quote: “We were thinking gentrification would take 20 years,” said King, who is 64. “Now we're thinking of a five-year gentrification.”

Jonnelle Marte @Jonnelle

Hurricane Ian destroyed a third of the homes in Fort Myers Beach, Florida. Affluent home builders are sweeping and pushing out longtime residents who can't afford to rebuild: https://t.co/d76floXP1S by @SmithMarkets and @mrgopal

Hurricane Ian destroyed a third of the homes in Fort Myers Beach, Florida. Affluent home builders are sweeping and pushing out longtime residents who can't afford to rebuild: https://t.co/d76floXP1S by @SmithMarkets and @mrgopal

RT @Claudia_Sahm: “If you look over the whole year things have been really solid and the question is, how much staying power does this have…

There are plenty of measures to suggest households are under growing financial stress, yet people continue to spend. Are consumers actually doing just fine? We're about to find out: https://t.co/JFAzvJqx63

Sharing this again with a better link: https://t.co/Q4T7gHXMfS

Jonnelle Marte @Jonnelle

NEW: The consumer has been surprisingly resilient. But that strength is about to be tested by growing debt payments, rising delinquencies and dwindling cash piles. Whether it lasts is one of the biggest questions Fed officials will debate this week: https://t.co/RunfYppiyE

NEW: The consumer has been surprisingly resilient. But that strength is about to be tested by growing debt payments, rising delinquencies and dwindling cash piles. Whether it lasts is one of the biggest questions Fed officials will debate this week: https://t.co/RunfYppiyE