In 1949, engineer/economist A. W. H. (Bill) Phillips unveiled a mechanical economic model, the Phillips machine, which could demonstrate—by pushing colored water through clear pipes—how money moves through the economy.
With July just around the corner, most cities and states are preparing for the start of a new fiscal year.
The U.S. repurchase agreement (repo) market is a large financial market where participants effectively provide collateralized loans to one another.
On September 16, 2008, Reserve Primary Fund, a money market fund (MMF) with $65 billion in assets under management, announced that losses in its portfolio had caused the value of shares in the fund to drop from $1.00 to $0.97.
When was the last time a speech by a Federal Reserve official contained a full-length poem?
The New York Fed’s latest Beige Book report points to continued moderate growth in the regional economy and some reduction in cost pressures.
Has Wall Street—the term for the securities industry that symbolizes New York City’s role as a global financial center—become less of a specialty for the city?
While the name of the Bankruptcy Abuse Prevention and Consumer Protection Act suggests two goals, BAPCPA seemed to be more about abuse prevention than consumer protection.
The Bull and the Bear, respectively, are long-standing symbols of optimism and pessimism about the outlook for the stock market. How did this come about?