Federal Reserve’s latest assessment of financial stability in the US.
The survey results were included as part of the Fed’s latest Financial Stability Report.
Which looks at issues like leverage and risk-taking throughout the economy to try to identify potential trouble spots.
The report was released more than two years after the Fed launched the most aggressive interest rate hiking cycle.
This was since the 1980s in a bid to slow a surge in inflation, a move that was broadly predicted to tip the economy into recession and aggravate stresses in the financial sector.
The latest report shows little evidence of widespread risks to the financial system despite borrowing costs remaining at their highest levels in a quarter of a century.
Private debt as a share of national economic output declined, businesses maintained a “robust” capacity to service debt, and overall household debt was “modest,” all markers of stability.
The banking system remained sound and resilient, with strong capital and liquidity levels, the Fed said in the report.
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