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NY Fed survey reveals workers are demanding higher salaries as AI threatens job security
A Federal Reserve Bank of New York survey shows that more workers are uneasy about losing their jobs. Their fears are tied to ...
NY Fed adds extra daily standing repo operation covering year-end
The Federal Reserve Bank of New York on Thursday said it will add an extra operation of its standing repo facility in the ...
New York Fed’s Tweak to Key Repo Facility Hampered by Its Design
The Federal Reserve Bank of New York’s plan to conduct additional liquidity operations through the end of the year will ...
NY Fed President Calls Latest Inflation Data ‘Good News’
The softer-than-expected inflation results for November are “encouraging news,” the president of the Federal Reserve Bank of ...
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Another high-status departure from NY Fed as Neal resigns
The Federal Reserve Bank of New York’s Michelle Neal has resigned as head of the markets group and member of the executive ...
Biggest banks planning to sue the Federal Reserve over annual stress tests
A lawsuit is expected this week and could come as soon as Tuesday morning, a person familiar with the matter said.
New York State Factory Activity Gauge Falls Most Since May 2023
A measure of New York state factory activity retreated by the most since May 2023 after surging last month to an almost three ...
The Fed cut interest rates but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in ...
The Federal Reserve Cuts Interest Rates By a Quarter Percentage Point
Jerome H. Powell, the Federal Reserve chair, announced the central bank’s final interest rate cut for the year and suggested only two more reductions in 2025.