The Term Asset-Backed Securities Loan Facility (TALF) has helped to facilitate a resumption of activity in securitization markets for consumer auto and credit card loans.
When the pandemic hit, it quickly soared to 13.4%. And now, two years later, it is at a record low 5.3%. Job vacancies are elevated, and wage growth has reached pre-pandemic levels. Businesses can’t find enough workers to meet demand and they are telling us they’ll need to raise wages to attract and retain staff.