The Latest Breaking News from the Federal Reserve Bank of New York

Explained: How the US controls Iraq's oil revenues

US troops are set to leave their last bases in Iraq, but Washington will retain significant economic leverage through Iraq’s oil revenues, which remain held at the Federal Reserve Bank of New York. The arrangement supports financial stability and dollar access, but has also given the US influence over Baghdad…

The Economic Times · Sep 30

Americans Owe $1.26 Trillion on Credit Cards. New Report Sees a Development In The 'K-Shaped' Economy

Credit card balances increased by $21 billion during the quarter, according to the Federal Reserve Bank of New York's latest Quarterly Report on Household Debt and Credit released Tuesday.

International Business Times · Aug 12

How the AI Entry-Level Freeze Is Delaying Retirement

Recent college grads face endless job rejections, forcing parents in their 60s to put exit plans on hold. Here is how families can navigate the strain.

Kiplinger · Jul 25

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns

The Independent UK · Jun 5

One in five households now skipping meals due to affordability crisis

IN FULL

The Independent UK · May 29

More Americans are going hungry now than at the height of the Covid-19 pandemic: study

The Federal Reserve Bank of New York wrote that it noticed a ‘remarkable increase in food insecurity, particularly in lower-educated and lower-income households’

The Independent UK · May 29

Fed Officials Voice Growing Concern Over Inflation And Supply Chain Pressure From Iran War

Officials at the Federal Reserve are increasingly concerned over the economic fallout from the US-Israeli war with Iran, with several of them warning that inflation risks are becoming harder to contain as the conflict drags on.

International Business Times · May 7

The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage

With unemployment at 4.3% and quits near a multiyear low, employees are absorbing cuts they would have walked out on three years ago.

Fortune · Apr 17

The job market is so bad, workers now think they have worse odds of finding a role than during the pandemic

Data from the Federal Reserve Bank of New York shows that Americans are increasingly pessimistic about their job prospects.

Fortune · Apr 10

Why France Sold 129 Tonnes of Gold in New York, to Buy It Back in Europe? Inside BdF's Profitable Repatriation

France has successfully repatriated its gold reserves from New York, securing a £11.2 billion gain by upgrading to higher-standard bars in Europe

International Business Times UK · Apr 8