People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
Category: Federal Reserve Bank of New York
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Why Countries Are Stocking Up on Gold
As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
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Where in the World Is All That Gold Stored?
As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
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Americans Are Paying the Bill for Tariffs, Despite Trump’s Claims
Research from the New York Fed confirms that U.S. companies and consumers are bearing tariff costs, despite the president’s assertions otherwise.
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Tremors in Japan Prompt Treasury to Weigh Currency Intervention
New York Fed inquiries about the cost of exchanging yen for dollars signaled to traders on Friday that the U.S. government might make a large purchase of the Japanese currency.
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Top Fed Official Conveys Little Urgency for Immediate Rate Cuts
The Federal Reserve is likely to hold interest rates steady when it meets at the end of the month, keeping tensions high with President Trump.
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The Economy Survived 2025, But Many Americans Are Reeling
A feared recession didn’t materialize, but unemployment rose, wage growth slowed and affordability challenges are mounting.
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What Trump’s Embrace of Crypto Has Unleashed
A boundary-pushing array of new crypto ventures have reached the stock market, enticing investors and leading to more risk taking.
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Shoppers Head Into the Holidays With Spending Plans Intact
Prices are higher, and the job market is weakening, but many people plan to spend heartily this season.
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Trump Aides Raise Recession Fears, and Point Fingers at the Fed
Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts.
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Strains in Short-Term Markets Raise Urgency of Fed Balance Sheet Debate
Warning signs in crucial money markets have raised the prospect that the central bank will soon stop reducing its portfolio of government debt and mortgage bond holdings.