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The Latest Breaking News from the New York Fed

Having a college degree still matters for being one of the wealthier Americans, New York Fed says

The spending divide is visible in the past three years of data, the New York Fed says, and college degrees matter a lot.

Fortune

Federal Reserve may keep rates unchanged for months as economy shows signs of health

Federal Reserve officials are expected to keep their short-term interest rate unchanged Wednesday after three cuts last year, ignoring huge pressure for lower borrowing costs from the White House in favor of waiting to see how the economy evolves

The Independent UK

Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds

The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest rate cut

The Independent UK

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Household Debt Just Hit a New Record — Are You at Risk?

GoBankingRates takes a closer look at where the debt has risen -- and whether you're at risk.

GOBankingRates

Americans haven’t been this pessimistic about finding a new job since a bleak stretch of the Great Recession

Pessimism is "most pronounced for those with at most a high school education," according to the New York Federal Reserve.

Fortune

You’re much more likely to get retrained than fired due to AI, but layoffs will rise, N.Y. Fed says

Among service companies in the New York–northern New Jersey region that are using AI, 35% said they are retraining their workers, up from 24% last year.

Fortune

200 Central Banks, Foreign Entities Dump $48B in US Treasuries as Confidence in US Assets Falters

Global central banks continue to withdraw US Treasuries from the New York Federal Reserve since Trump's tariff play in late March. This trend could force the Treasury to hike yields to attract bond buyers, which could drive up borrowing costs.

International Business Times UK

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Student loans drive consumer debt delinquency to five-year high

The New York Fed found nearly 8% of aggregate student debt was 90 days past due as of Q1.

Fortune

How SOFR works and why it might matter for your mortgage rate

SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.

Fortune

NY Fed Expects Prolonged Timeline For Reducing Holdings

The New York Fed delays balance sheet normalization, impacting financial markets and interest rates. Transparency and communication are crucial for market ...

Top News

Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up

The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy

The Independent UK

There’s a deeper story to Silicon Valley Bank’s failure. What can we learn from it?

Financial deregulation led to the crash in 2008 and it could again in 2023. It’s time to make banking boring again

People

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