Get all your news in one place.

100’s of premium titles.
One app.

Start reading

Get all your news in one place.

100’s of premium titles. One news app.

Start reading

The Latest Breaking News from New York Fed

College degrees matter—at least if you’re an engineer

So says the New York Federal Reserve.

Fortune

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

Things may finally be looking up for middle class America

Persistent inflation has hit the middle class, minorities, and rural communities the hardest, according to new data from the NY Fed. But things are easing.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

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

December Fed Meeting Preview: How many more giant rate hikes are left? ‘This is where it becomes the tough part’

The Federal Reserve’s busiest year for rate hikes since Jimmy Carter was president may be coming to an end — but U.S. central bankers’ rate increases are far from over.

Tribune News Service

Fed to Weigh Higher Rates in 2023 While Slowing Rises This Month

Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.

Bangkok Post

Wells Fargo, Mastercard, and the Fed Team Up on a Digital Dollar

Citigroup, HSBC, and PNC will also be involved in the effort to create a digital version of U.S. currency.

The Street

Read news from The Economist, FT, and more,
with one subscription

China's 'Rapid' Debt Buildup May Portend A Looming Financial Crisis: New York Fed

China’s recent debt buildup following the Covid-19 pandemic has researchers from the Federal Reserve Bank of New York wondering if the country can avoid a financial crisis in the years to come.

Benzinga

Student-loan freeze led to big credit-score gains, NY Fed says

The pandemic-era freeze on student debt payments has “dramatically” improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said.

Tribune News Service

Inflation Delivers Twice the Bad News for People in Credit Card Debt

"Americans are borrowing more, but a big part of the increased borrowing is attributable to higher prices," the New York Fed said on Tuesday.

The Street

US likely to avoid recession, but rates need to climb: Fed official

Washington (AFP) - The US economy will slow this year as intended and is expected to avoid a downturn, but the Federal Reserve will have to raise borrowing rates quickly, a top central bank official said Tuesday.

AFP

Is The US On The Brink Of A Recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.

Benzinga

Americans put more on credit cards as inflation boosts costs, Fed data show

Americans are putting more on their credit cards and taking out fewer mortgages, as they need to increasingly borrow to cover the higher cost of everyday essentials and respond to rising interest rates.

Tribune News Service

Mortgage borrowers’ credit scores dip from record highs

As mortgage rates rise sharply and mortgage refinancing volumes plunge, American mortgage borrowers’ credit scores are declining a bit. However, most borrowers who qualify for mortgages have near-perfect credit scores.

Tribune News Service

Get all your
news in one place.

100’s of premium titles.
One news app.

Tribune News Service

Dallas Fed appoints first female president to succeed Rob Kaplan

Federal Reserve Bank of New York executive Lorie Logan will become the 13th president of the Dallas Fed and its first female chief following a seven-month search.

Benzinga

Economic Data Scheduled For Tuesday

The NFIB small business optimism index for April is scheduled for release at 6:00 a.m. ET. The optimism index has fallen short of market estimates in the last three reports. Analysts expect April's reading declining to 92.9 from March's 93.2. New York Fed President John Williams is set to speak…

Benzinga

Economic Data Scheduled For Friday

U.S. jobs report for April is scheduled for release at 8:30 a.m. ET. Analysts expect nonfarm payrolls rising 400,000 in April, compared with a three-month average growth of 562,000. The unemployment rate is expected to remain unchanged at 3.6% in April. New York Fed President John Williams is set to…

Tribune News Service

US homebuyers are getting discouraged by rising rates and prices

Potential home buyers are getting discouraged by rising mortgage rates and home prices, according to a survey released on Monday by the New York Federal Reserve.

Get all your
news in one place.

100’s of premium titles.
One news app.

1 2 3 4

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Federal Reserve Bank of New York

17 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.