Monetary Brief News

Federal Reserve Bank of New York News

Martin G. Morgado joins advisory council at New York Fed

The Federal Reserve Bank of New York has announced the appointment of Martin G. Morgado to its Community Depository Institutions Advisory Council (CDIAC), effective immediately.

Consumer financial outlook worsens despite steady long-term inflation predictions

The Federal Reserve Bank of New York's Center for Microeconomic Data has released the February 2025 Survey of Consumer Expectations.

Access to affordable credit increases but challenges remain

The Federal Reserve Bank of New York has released a report titled “Credit Insecurity in the United States, 2018–2023,” introducing the Credit Insecurity Index.

Household debt rises as auto loan delinquencies stay high

The Federal Reserve Bank of New York's Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit, indicating a rise in total household debt by $93 billion (0.5%) in the fourth quarter of 2024, reaching $18.04 trillion.

Federal Reserve Bank reports mixed consumer economic outlook for January

The Federal Reserve Bank of New York's Center for Microeconomic Data released its January 2025 Survey of Consumer Expectations, highlighting stable inflation expectations at short- and medium-term horizons, with an increase at the longer-term...

Inflation outlook mixed as job turnover concerns ease: NY Fed survey

The Federal Reserve Bank of New York's Center for Microeconomic Data has published the December 2024 Survey of Consumer Expectations.

Patricia White appointed to New York Fed Board as Class C director

The Federal Reserve Bank of New York has announced the appointment of Patricia White as a Class C director on its Board of Directors.

New York Fed appoints Pat Wang as chair and Dr. Rajiv Shah as deputy chair

The Federal Reserve Bank of New York has announced new leadership designations within its Board of Directors.

John B. Gibson joins New York Fed's advisory council

The Federal Reserve Bank of New York has announced the appointment of John B. Gibson to its Second District Advisory Council.

Michelle Neal steps down from key role at New York Fed

The Federal Reserve Bank of New York has announced the resignation of Michelle Neal from her position as Head of the Markets Group and a member of the Bank’s Executive Committee.

Inflation expectations rise as consumer financial optimism grows

The Federal Reserve Bank of New York's Center for Microeconomic Data has released its November 2024 Survey of Consumer Expectations.

Scott Rechler reelected as director to New York Fed Board

Scott Rechler has been reelected as a Class B Director to the Board of Directors of the Federal Reserve Bank of New York.

René Jones reelected to New York Fed board for another term

René F. Jones, chairman and CEO of M&T Bank, has been reelected as a Class A Director on the Board of Directors at the Federal Reserve Bank of New York.

Household debt rises slightly as delinquency rates remain high

The Federal Reserve Bank of New York has released its Quarterly Report on Household Debt and Credit, revealing a modest increase in household debt for the third quarter of 2024.

Federal Reserve Bank reports slight decline in inflation expectations

The Federal Reserve Bank of New York's Center for Microeconomic Data has published the October 2024 Survey of Consumer Expectations.

New York Fed unveils monthly Reserve Demand Elasticity publication

The Federal Reserve Bank of New York has introduced a new research product, the Reserve Demand Elasticity (RDE), which will be published monthly. This tool measures the federal funds rate's responsiveness to changes in reserve supply.

Federal Reserve Bank reports rising delinquency and inflation concerns

The Federal Reserve Bank of New York's Center for Microeconomic Data has released its September 2024 Survey of Consumer Expectations. The survey indicates that while short-term inflation expectations remain stable, there is a slight increase in medium- and long-term inflation expectations. Additionally, the likelihood of voluntary job separation and finding employment after job loss has risen.

Michelle de la Uz joins New York Fed's advisory group

The Federal Reserve Bank of New York has announced the appointment of Michelle de la Uz to its Community Advisory Group. Her role takes effect immediately.

Report finds nearly one million tristate area properties at high flood risk

The Federal Reserve Bank of New York has released a report titled “Flood Risk and the Tristate Housing Market,” revealing that nearly one million houses and multifamily buildings in New York, New Jersey, and Connecticut are at high risk of flooding. This equates to one in ten properties in the tristate area, placing them among the top 25% of riskiest properties nationally, comparable to homes in coastal Florida, Texas, and Louisiana.

New York Fed launches Reference Rate Use Committee

The Federal Reserve Bank of New York has introduced the Reference Rate Use Committee (RRUC), a new initiative aimed at supporting the integrity, efficiency, and resiliency in the use of interest rate benchmarks across financial markets. This includes benchmarks produced and administered by the New York Fed.