The Great Recession brought to the forefront many unanswered questions about how monetary policy plays out at a microeconomic level. In its latest report, the JPMorgan Chase Institute analyzed de-identified data from 4,321 Chase customers to understand how US homeowners changed their credit card spending in response to a drop in their mortgage payment driven by the Federal Reserve’s low interest rate policy of recent years.
Key findings include:
Access the full report for more findings.
A new report from the JPMorgan Chase Institute helps local decision makers better understand how far city residents travel to shop for goods and identifies gaps in access to retail across a range of products and income groups.Learn more about Going the Distance: Big Data on Urban Access to Everyday Goods
What effects will continued interest rate hikes have on the economy?Read article about 6 FAQs About Rising Interest Rates
American households are on more solid footing than ever before, and a consumption boom may be underway.Read article about A Bright Outlook for Consumers
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