Wealth numbers from the Fed for the end of Q2

  • Wealth rose from $88.0 trillion in Q1
  • Municipal bond assets at $1.638 trillion
  • Household debt increased at 4.4% annual rate vs +2.7% rate in Q1

The speedup in debt isn't a great sign, especially in an economy that was growing at less than 1% in the first half of the year.