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

Corporate Profits Are Soaring. At The Same Time, Workers Hit Their Lowest Share of National Income Ever Recorded.

A report from the Federal Reserve Bank of New York found that U.S. workers received just 54.1% of national income in early 2026, the lowest level recorded since the data series began in 1947.

International Business Times

Budget Moves Families Should Consider Now That U.S. Household Debt Has Hit $18.8 Trillion

Americans are carrying more debt than ever, and the latest figures show just how significant the challenge has become. According to the Federal Reserve Bank of New York, total U.S. household debt has reached a record $18.8 trillion, reflecting continued borrowing across mortgages, credit cards, auto loans, and student loans.…

Budget and the Bees

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

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One in five households now skipping meals due to affordability crisis

IN FULL

The Independent UK

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

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

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

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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

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

The 4 Economic Myths Powering Trump's New Tariff Push

American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.

Reason

How Dave Ramsey Is Aiming To Help Americans Amid a Growing Debt Crisis

Americans are drowning in debt. According to the Federal Reserve Bank of New York, total U.S. household debt rose to about $18.59 trillion in the third quarter of 2025 and that's where Dave Ramsey,...

GOBankingRates

How to improve your credit score if you've missed student loan payments

Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection

The Independent UK

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

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

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International Business Times

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.

WEKU

Americans are struggling to pay off credit card debt; Tiny Desk Contest's 2024 winner

Nearly 1 in 5 Americans have maxed out their credit card borrowing, according to the Federal Reserve Bank in New York. Tiny Desk Contest crowns its 10th anniversary winner.

WEKU

More Americans are falling behind on credit card bills

Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.

Top News

Fed Officials Show Reluctance To Cut Rates

Federal Reserve officials are cautious about cutting interest rates amidst economic uncertainty and global trade tensions.

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WEKU

KY Financial planner cautions consumers about zero interest credit card offers

Credit card debt in America recently topped 1-trillion dollars for the first time, according to a recent report from the Federal Reserve Bank of New York.

The Conversation

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.

Zenger

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.

People

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