The Latest Breaking News from Federal Reserve Bank of New York

These are the top 10 worst-paying college majors

New data from the Federal Reserve Bank of New York shows college majors with the lowest median income after graduation.

Fortune · May 19, 2025

How much credit card debt is ‘normal’?

Credit card balances have ballooned to record highs in recent months with the average credit card debt in the U.S. estimated at $6,371

The Independent UK · May 18, 2025

Credit Card Defaults Are At Highest Levels Since 2010

Credit card debt in the United States have surged to their highest level since 2010 causing experts to forecast more financial pain ahead.

International Business Times · Dec 30, 2024

Sudan’s war is wrecking a lot, including its central bank – a legacy of trailblazing African American economist and banker Andrew Brimmer

The war in Sudan between two rival generals for control of the country is devastating in so many ways. Hundreds of civilians have been killed, thousands injured and more than 1 million people are now homeless. The fighting is even wreaking havoc on the country’s central bank.

The Conversation · Jun 5, 2023

Federal Reserve Bank Of New York Found New Distinctions In Cross-Border Payments In New Study

The New York Federal Reserve published results from a study on major railway digital payments going to other countries.

Zenger · May 20, 2023

Fed’s Williams dismisses link between rapid rate hikes and bank stress

Federal Reserve Bank of New York President John Williams rejected the idea that the central bank’s aggressive interest-rate increases precipitated recent financial strains highlighted by recent banking failures.

Tribune News Service · Apr 10, 2023

Follow the money to these college majors, Fed study says

Chemical engineers come out at the top of the pack in the study by the Federal Reserve Bank of New York. Trailing the pack are theology and social services majors.

Chicago Sun-Times · Mar 1, 2023

Fed’s Williams says 2% inflation goal key to taming prices

Federal Reserve Bank of New York President John Williams said it’s critical the U.S. central bank remain committed to its 2% inflation goal, and emphasized monetary policy must bring supply and demand into better balance to lower inflation.

Tribune News Service · Feb 23, 2023

Stringent US Moves against Money Flows from Iraq to Iran

The decline in the value of Iraq’s national currency and the rise in the prices of foodstuffs and imported goods can be traced back to remarkable change in the policy adopted by the US Treasury and the Federal Reserve Bank of New York. Both bodies have had a policy shift…

Asharq Al-Awsat · Jan 20, 2023

US consumer spending growth slowed in December, NY Fed survey finds

Spending by U.S. consumers is growing at a slower pace and the share of households making major purchases in recent months declined, according to a report from the Federal Reserve Bank of New York.

Tribune News Service · Jan 17, 2023