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Americans Brace For Job Losses As NY Fed Survey Flags Pandemic-Era Highs In Unemployment Worries
Tuesday, April 15, 2025 - 6:26am | 536In a recent survey conducted by the Federal Reserve Bank of New York, U.S. consumers have displayed growing apprehension about a potential increase in unemployment. What Happened: The survey, carried out in March, showed Americans attributing a 44% chance to the country’s...
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Gen Z Is Charging Too Much, And Not Paying Bills: What The Latest Credit Card Delinquency Data Says About American Consumers
Friday, May 17, 2024 - 3:20pm | 540Credit delinquency is on the rise. High credit card rates and enduring inflation are hurting consumers, especially those considered “Gen Z.” Here’s the latest New York Fed data about the American consumer. The Data: The New York Fed's Center for Microeconomic Data released its...
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Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched
Thursday, February 8, 2024 - 3:52pm | 569U.S. Treasury Secretary Janet Yellen warned on Thursday of the potential failure of non-bank lenders if household finances became stretched and the rate of delinquencies on loans rises. Speaking before a Senate Committee on Banking, Housing and Urban Affairs, the former Federal Reserve chair warned...
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US Economy Alarmed: New York Fed Indicates Highest Likelihood Of Recession In Over Four Decades
Monday, June 5, 2023 - 1:59pm | 417The likelihood of the U.S. entering a recession within the next year rose to more than 70% in May, the highest level seen since 1982, according to the Federal Reserve Bank of New York. The New York Fed's recession probability model is based on the U.S. Treasury yield curve slope,...
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Economic Alarm Bells: A Recession Indicator Just Hit Levels Not Seen Since 1982
Wednesday, April 19, 2023 - 11:34am | 622The likelihood of a recession in the United States within the next year has risen to almost 58%, the highest level since August 1982, according to the New York Federal Reserve. The recession-risk indicator is now greater than it was in November 2007, just before the subprime-Lehman...
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Regional Bank Pain Isn't Over: Fed Official Says A New Systematic Crisis Looms
Friday, March 24, 2023 - 1:41pm | 683The commercial real estate market is grappling with substantial challenges that have the potential to reverberate across the broader economy. What Happened: This year, short sellers of specialized, office and residential REITs have enjoyed considerable gains — we'll show some of...
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Most Americans Don't Expect Fed To Bring Inflation Down To 2% Anytime Soon: Survey
Monday, January 9, 2023 - 4:12pm | 270Americans expect inflation to be at 5% one year ahead. That's the lowest reading since July 2021, and down by 0.2% from November, according to a December New York Fed survey. Inflation expectations have been down month-over-month in six out of the seven last months since June when consumer...
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Will Inflation Cool Down? Survey Says 'Yes' Despite CPI Results Above Economist Estimates
Thursday, October 13, 2022 - 10:27am | 429Inflation expectations for the median American household remain low, despite a new consumer price index (CPI), issued by the Bureau of Labor Statistics, showing an 8.2% year-over-year increase. A sample of U.S. households expects inflation to drop next year and reach comfortable levels five years...
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Inflation Expectations Take Historic Dive From June: What New York Fed Consumer Survey Says About Gas, Food Prices
Monday, August 8, 2022 - 12:49pm | 269Consumer expectations for inflation are becoming more positive, according to a new survey released by the New York Fed. A broad-based sample of consumers shows they expect inflation rates to largely decrease for food and gas prices. The July edition of the New York Federal Reserve’s...
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NY Fed President William Dudley Sees Little Change After Chair Transition
Tuesday, September 24, 2013 - 10:27am | 249New York Fed president William Dudley encouraged support in the Federal Reserve's present monetary policy moving forward towards the Fed's chair transition on CNBC's Squawk Box Tuesday morning. "I think that the market should have reasonable confidence in the forward guidance, because the reality...
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New York Fed Sells $1.3 Billion Worth of MBS from AIG Bailout
Thursday, April 7, 2011 - 6:11am | 144The New York Fed has sold $1.3 billion worth of subprime mortgage-backed securities (MBS) that it had obtained through the bailout of American International Group (NYSE: AIG). According to the New York Times Dealbook, "The mortgage-backed securities are part of an entity called Maiden Lane II, one...
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Fed Buys $7.8 Billion In POMO
Monday, January 3, 2011 - 12:52pm | 91The New York Fed conducted its first POMO of the year, and bought $7.79 billion worth of U.S. Treasury securities during the auction, in an effort to boost the economy. The NY Fed will do another four POMO's this week. Dealers offered $17.004 to the New York-based arm of the central bank, meaning...
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Bank of America Continues To Drop (BAC)
Thursday, October 21, 2010 - 12:11pm | 131Bank of America (NYSE: BAC) seems to be broken. Even on a day with no real firm-specific news and a strong overall market, shares are down more than 2.5% on heavy volume. Bank of America's mortgage problems are well-known by this point, but the market hates uncertainty. With Bank of America staring...