New York Fed

American households are navigating a complex credit landscape in early 2025 according to releases from the New York Federal Reserve.  Total household debt hit a record $18.04 trillion at the end of 2024, driven largely by credit card balances, which surged to $1.21 trillion.

At Tuesday’s Pie Party, a question about the Repo Market (thanks Jerry S.) started the meeting.  After a quick definition, we concluded it has largely moved back to normal, and the system is working orderly once again.