Daily Rundown

November 24, 2025

Chart of the Day

Number of the Day

66.0 - The University of Michigan's household finances index in November, down from 78.0 in the prior month and the lowest reading since 2009

Quote of the Day

"There are risks on the employment side. If I saw evidence of more softening and weakness, I would take that seriously." - Boston Fed President Susan Collins

Friday's Highlights

The University of Michigan's consumer sentiment index (November) fell by 2.6 points, a fourth straight decline, to a 41-month low 51.0.

Commercial bank loans and leases (week of 11/6), rose by 0.2 percent, equaling the largest increase in seven months.

Quick Commentary

The lackluster growth rates in consumer and real estate lending this year should come as little surprise given the low level of sentiment. In contrast, the surge in the Fed's miscellaneous loan category, which includes credit for purchasing or carrying securities, is another sign that the solid gains in asset prices in recent years is fueling a rise in risk-taking behavior among investors.

Today's Highlight

Dallas Fed manufacturing survey

Daily Trivia

What company's longstanding logo was inspired by the red star tattoo worn by its founder?

(Friday's Question: What popular characters were animated for the first time in a series of late 1950s/early 1960s ads for Ford, which licensed them in an effort to appeal to young families? Answer: Peanuts)