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The Fed Challenge Rony Byas, Tina Byrne, Tashdid Hasan, Changhyon Hwang, Vincent Lo

The Fed Challenge Rony Byas, Tina Byrne, Tashdid Hasan, Changhyon Hwang, Vincent Lo November 10, 2008. GDP Contracts in the Third Quarter. Source : Federal Reserve Bank of New York. Consumer Confidence Plummets in October. Source : The Conference Board.

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The Fed Challenge Rony Byas, Tina Byrne, Tashdid Hasan, Changhyon Hwang, Vincent Lo

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  1. The Fed Challenge Rony Byas, Tina Byrne, Tashdid Hasan, Changhyon Hwang, Vincent Lo November 10, 2008

  2. GDP Contracts in the Third Quarter Source : Federal Reserve Bank of New York

  3. Consumer Confidence Plummets in October Source : The Conference Board

  4. Consumer Spending Continues to DecreaseMonthly and YoY % Change 3rd Quarter Personal Consumption Expenditures RDI 0.1% Real Disposable Income PCE -0.4% Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis

  5. Unemployment Rate Continues to Rise October 6.5 Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis

  6. Nonfarm Payroll Employment Continues to Decline Monthly and YoY % Change Monthly Change (Left Scale) % Change Year Over Year (Right Scale) October -240,000 Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis

  7. ISM Manufacturing Index Experiences a Sharp Plunge October 38.9 Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis

  8. Housing Starts on a Steep Decline Monthly Change (Thousands of Units) 817K 544K Source : U.S. Census Bureau

  9. Housing Prices Have Been on a Gradual DeclineCase-Shiller 10 and 20 Composite YoY % 16.6% 17.7% Source : Standard and Poor’s

  10. U.S. Home Foreclosure Filings on the RiseMonthly Change September 266,000 Source : RealtyTrac

  11. Housing Problems Concentrated in Key Areas of the Country Source : First American CoreLogic

  12. Difference Between 3-Month LIBOR Rate and 3-Month Treasury Yield TARP passed Lehman Brothers files for bankruptcy Credit crisis begins Source : Bloomberg

  13. Commercial Paper Market in Distress Risk premiums have been elevated.. .. and issuance of new commercial paper has declined. Source : The Federal Reserve Board

  14. Numerous Programs Have Been Implemented to Restore Economic Stability Source : Credit Suisse

  15. Inflation Starting to Moderate Core CPI and Core PCE YoY% Change October Core CPI 2.5% 2.4% Core PCE Shaded areas indicate US recessions Source : Federal Reserve Bank of St. Louis

  16. Inflation Expectations Have Been Easing10-Year TIPS Spread 97 bps Source : The Federal Reserve Board

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