The agency announced this April that it intends to begin using a "dormant" authority to conduct regulatory examinations of nonbank financial companies when they pose risks to consumers.
Direct lenders are lavishing risky companies and private-equity firms with capital at rates below what's available in the volatility-lashed high-yield and syndicated-loan market.
"Overall, inventories in the economy are still unusually low, even after a few quarters of substantial builds. That reflects how lean inventories were after massive liquidation during the pandemic."
Economists don't tend to look at any given indicator in a vacuum. Instead, they consider a wide variety of data when making projections about the health of the economy.
