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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 | 536Read More...In 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 | 540Read More...Credit 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 | 569Read More...U.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 | 417Read More...The 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 | 622Read More...The 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 | 683Read More...The 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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NY Fed President William Dudley Sees Little Change After Chair Transition
Tuesday, September 24, 2013 - 10:27am | 249Read More...New 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 | 144Read More...The 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 | 91Read More...The 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 | 131Read More...Bank 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...








