You Searched For "ny fed" and got 20 results
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3 mins read
2 reasons Americans just dove into credit card debt faster than they have in 22 years
In the last three months of 2021, Americans swiped $52 billion in credit card debt, the fastest sin…
Jason Lalljee
2 mins read
Stocks and bonds would crash 'violently' in a debt crisis - even if the US avoids immediate default, former NY Fed president says
"I have one message for those observing or involved in the standoff over raising the US federal deb…
Filip De Mott
2 mins read
The looming recession will stop short of a full-blown financial crisis because the Fed is still in control, ex-NY Fed chief Bill Dudley says
"This is a recession where the Fed has the controls. When they need to ease, they can do so," forme…
Matthew Fox
1 min read
Younger Americans are falling behind on credit card and car payments, New York Fed says
"Delinquency tends to decrease with age, and younger generations have delinquency rates slightly hi…
Yuheng Zhan
5 mins read
NY officials shred Trump's fraud-trial 'antics' in a sarcasm-laced filing. Judge agrees, signaling trouble to come.
The testimony's over, but the acrimony lingers on at the Trump fraud trial.
Laura Italiano
4 mins read
Michael Cohen dropped one big bombshell, but his testimony at the NY fraud trial was eclipsed by Trump
Trump's fixer-turned-foe testified calmly and, at one point, devastatingly, but still found himself…
Laura Italiano
1 min read
The market is still underestimating how hawkish the Fed will be - and it's too soon to worry about going overboard with hikes, says former NY Fed president
"Let's get to a tight monetary policy setting first before we worry about whether the Fed is too ti…
Brian Evans
1 min read
US stocks trade mixed after Fed official pours cold water on rate-cut hopes
New York Fed President John Williams said the central bank isn't discussing rate cuts right now, an…
Aruni Soni
2 mins read
Resuming student-loan payments this year without Biden's debt cancellation could be especially harmful to borrowers with auto and credit card debt, the NY Fed says
Regardless of what the Supreme Court rules on student-loan forgiveness, borrowers will still have t…
Ayelet Sheffey
2 mins read
Cutting off student-loan relief in September could cause borrowers to fall behind on payments at a rate that could 'reach or even surpass' pre-pandemic levels, NY Fed study finds
The NY Fed also found student-loan borrowers with other forms of debt, like credit card or mortgage…
Ayelet Sheffey
2 mins read
Economic growth in 2021 could be the strongest in decades, NY Fed president says
Inflation will rise on stimulus-led growth, but should settle at levels consistent with the Fed's t…
Ben Winck
1 min read
Slow-moving crypto regulation puts market at greater risk of 'innovation-killing crackdown,' says former NY Fed President Bill Dudley
A "desirable future for digital finance requires prudent regulation," Dudley wrote in a Bloomberg o…
Carla Mozée
1 min read
The supply chain crisis that delayed online orders and sent prices soaring may have finally peaked, according to the NY Fed
The New York Federal Reserve unveiled a new index to track global supply chain disruptions on Tuesd…
Mary Hanbury
2 mins read
A 2023 recession is 'inevitable' as the war on inflation slows down the economy, former New York Fed president says
"Much like Wile E. Coyote heading off a cliff, the US economy has plenty of momentum but rapidly di…
Ben Winck
2 mins read
George Santos tricked supporters into giving him money that he spent on designer clothes and credit-card payments, feds allege
Santos has been criminally charged with several counts, including wire fraud, money laundering, and…
Natalie Musumeci,Madison Hall
2 mins read
Trump arrived Wednesday morning for his long-awaited deposition in the NY attorney general's 3-year investigation of his business
Donald Trump has fought all year to keep the NY attorney general's office from questioning him. On …
Laura Italiano
3 mins read
Renters are so fed up with their homebuying options that they say they'll rent forever
Millennials and Gen Z are especially losing confidence they'll ever own a home as they're competing…
Jason Lalljee
4 mins read
Fed up New Yorkers are taking to TikTok to lament rat-infested apartments and ridiculous rent hikes that are making living in the city impossible
Many young NYC transplants are planning to return to their parents' houses as the median Manhattan …
Mara Leighton
2 mins read
New York AG Letitia James is asking the feds to investigate Trump after finding his business practices 'plausibly' violated federal law
James said she believes the conduct outlined in her office's civil lawsuit "violates federal crimin…
Sonam Sheth,C. Ryan Barber
3 mins read
There's a suspicious burst of taxi rides to and from Wall Street banks and the NY Fed around the time of key Fed meetings
Even small bits of insight into the Fed's deliberations on monetary policy can be worth millions of…