'The core of the financial sector appears resilient, with leverage low and funding risk limited relative to the levels of recent decades,' a report says.
Financial conditions remain stable the and the system "resilient," according to the Federal Reserve's latest financial stability report.
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019.Stock market prices remain high compared to earnings, and corporations, including those at the bottom end of the credit spectrum, continue to run up debt. But financial stability overall remains solid, according to a report Friday from the Federal Reserve.
"The core of the financial sector appears resilient, with leverage low and funding risk limited relative to the levels of recent decades," the report said. "Overall, the level of vulnerabilities in the financial system has moved little since" the last report in May. Market participants told the Fed that reasons for the trend include decreased willingness of principal trading firms to provide liquidity as well as a higher concentration in the firms that generally provide liquidity.
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