The Federal Reserve Bank of New York has announced the results of the High School Fed Challenge, an academic competition where student teams research and analyze an economic theme, subsequently crafting podcast scripts that encapsulate their findings. The selected scripts will be published in this year's Journal of Future Economists, set for release this summer.
The Federal Reserve Bank of New York’s Center for Microeconomic Data has released the April 2024 Survey of Consumer Expectations. The survey indicates that short-term and long-term inflation expectations have risen, while medium-term expectations have decreased. Home price growth expectations have reached their highest level since July 2022, and spending growth expectations have also increased.
The Federal Reserve and U.S. Treasury refrained from intervening in foreign exchange markets during the first quarter of 2024, according to a quarterly report released by the Federal Reserve Bank of New York. The report, submitted to the U.S. Congress, revealed that the U.S. dollar appreciated by 2.2 percent during this period.
The Federal Reserve Bank of New York today released a report quantifying sales of loans by Community Development Financial Institutions (CDFIs). The report, “Examining the Origination and Sale of Loans by Community Development Financial Institutions,” finds the amount of loans originated by CDFIs more than doubled between 2018 and 2022, reaching $67 billion. The amount of loans sold by CDFIs also more than doubled during the same period, reaching $14.2 billion, the report finds.
NEW YORK—The Federal Reserve Bank of New York today announced the appointment of Izzy Martins to the New York Fed’s Second District Advisory Council, effective immediately. Martins, who is the executive vice president and chief financial officer of Avis Budget Group, has a vast experience in the financial sector, having served in various roles within the company and prior to that at Deloitte & Touche.The Second District Advisory Council, consisting of senior business leaders, meets regularly to provide valuable insights on business and economic conditions in the Second...
The Federal Reserve Bank of New York has recently published a case study shedding light on pension fund investments in affordable apartments. Titled “Alternative Investments in Community Development: A Case Study of Pension Fund Investments in Multifamily Affordable Housing,” the study examined the investment patterns of seven pension funds over a five and a half-year period, ending in June 2023. The findings indicate a preference for preserving existing affordable housing over constructing new developments.According to Jonathan Kivell, director of community investments...
the Federal Reserve Bank of New York’s Center for Microeconomic Data released the July 2023 SCE Labor Market Survey, which indicates a decrease in the share of job seekers compared to last year, improved satisfaction with wage compensation and nonwage benefits, alongside increased anticipated likelihood of future unemployment.
The Federal Reserve Bank of New York appointed Mihaela Nistor the chief risk officer and head of the risk group, serving in the role as a member of the bank’s executive committee.
