NY Fed Gauge of Inflation Persistence Shows Stickiness Following Surge
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
NY Fed
Former NY Fed Chief: ‘Powell’s Pivot Is A Pretty Big Gamble’
“Problem is, the central bank’s dovishness also increases the possibility of no landing at all,” Bill Dudley warned.
Inflation Expectations Fall But Most Americans Say They Are Worse Off Than A Year Ago
Less than three percent of American households expect to be much better off 12 months from now, the N.Y. Fed’s consumer survey showed.
Inflation Expectations Hit All-Time High in N.Y. Fed Survey
Expected earnings growth slowed even while inflation picked up, raising the specter of stagflation.
Bidenflation: Older Americans Expect Far Higher Prices Than Younger Americans
Inflation expectations are running at a record high in the New York Fed’s consumer survey.
NY Fed: Manufacturing Price Hikes in Empire State Rise To Highest Level Ever
No sign of consumer prices easing in the New York Fed’s suvey of manufacturing.
NY Fed Sees Manufacturing Prices and Inflation Expectations Rising Sharply
Nearly 81 percent of New York manufacturers said they faced higher prices in May than April.
Ex-NY Fed Chief Dudley Predicts Interest Rates Going Much Higher Than Expected
Former NY Fed chief William Dudley thinks interest rates could climb as high as 4.5 percent in the coming years, much higher than most investors expect
More Americans Expect Higher Unemployment But Fewer Fear Losing Their Jobs
Fed survey picks up confusing signals about the direction of the economy.
Empire State Manufacturing Misses Expectations, Indicating Slower Growth
A survey of business conditions taken while infections surged and election day occurred indicates slower growth.
New York Manufacturing Business Optimism Hits Highest Level in a Decade
The outlook for business conditions in New York turned sharply higher in June, indicating the highest level of optimism in more than 10 years.
Fed Pumps Another $1.5 Trillion into Repo Market
$500 billion Thursday. $1 trillion Friday. And $1.6 trillion every week for at least the remainder of the month.
Goldman Sachs, Paul Krugman, and Chuck Schumer Are Disappointed In Trump’s China Trade Deal
The phase one trade deal is under fire from economists and politicians opposed to the Trump economic agenda.
Empire State Survey Shows Big Jump in Manufacturing Optimism
Capital spending and technology spending plans rose in December, suggesting strength ahead for manufacturing
Repo Madness: Overnight Operations Jump to $150 Billion on New Year’s Eve
The New York Fed is getting ready for a possible liquidity crunch at the end of the year.
Carney: Fed Economists Finally Admit Tariffs May Not Squeeze U.S. Consumers
A new look by the New York Fed at tariffs walks back claims that the cost of tariffs are borne by U.S. households.
Repo Madness: Fed Pumps Overnight Bank Funds to $120 Billion a Day
The “temporary liquidity operations” are looking a lot less temporary with each passing day.
Real Income Expectations Rise to Record High, Boosting Trump’s Re-Election Chances
Inflation expectations remained low while income expectations jumped higher in September, according to the NY Fed.
Repo Madness: Demand for Overnight Funding Falls to $54.9 Billion
The market appeared to be on steadier footing on Tuesday, with demand falling to the lowest level in almost two weeks.
Repo Madness Monday: Fed Pumps $63.5 Billion of Cash Into Short-Term Market
The madness was a bit milder on Monday, perhaps indicating that the Fed’s intervention is working to relieve repo stress
Repo Madness Day 8: NY Fed Pumps $110 Billion of Cash into Market
No sign of stability in the short-term funding market.
Repo Madness: New York Fed Boosts Overnight Funds to $100 Billion
Demand for short-term cash loans for banks is rising and liquidity crunch rolls on.
Repo Madness Day 7: Banks Seek $92 Billion of Repo Funding from NY Fed
The short-term funding market still needs emergency liquidty from the Federal Reserve.
Repo Madness Day 6: Fed Aid Jumps to $105 Billion
The amount of funds needed to keep the short-term repo market under control is still growing and demand is rising.
Repo Madness Day 5: NY Fed Pumps $65.8 Billion Into Funding Market
The Fed’s intervention in the overnight funding market for banks entered its second week on Monday.
Repo Madness Heads Into Day 4: Another $75 Billion Liquidity Drop from NY Fed Coming Friday
The Fed’s life support for the short-term funding market will continue on Friday.
Empire State Manufacturing Survey Unexpectedly Weakened
Manufacturing in New York State was weaker than expected, sending the NY Fed’s index down to just barely positive territory.
Most New York Manufacturers Report Slight or No Tariff Price Pressures
Nearly half of manufacturers said tariffs had no effect on selling prices. Another 10 percent said there was a downward effect.
NY Fed’s Manufacturing Index Sees Largest Ever Drop in June
The New York Fed’s Empire State index took fell into negative territory for the first time in more than two years.
Carney: How the Fed Messed Up Its Tariff Study
The Fed was wrong to assume moving production out of China necessarily imposes deadweight costs or efficiency losses
Carney: The Fed Blew Its Tariff Study by Assuming a Free Market in China
It all rests on the false assumption that moving out of China necessarily means moving to a less efficient producer.
NY Fed’s Manufacturing Survey Crashes to Lowest Level Since Mid-2017
New York’s state of mind was decidedly less buoyant than expected in December.
