Fairfield County Weathers Job Losses in Finance
Fairfield County, comprising the southwestern corner of Connecticut, is sometimes thought of as an affluent “bedroom community” outside New York City—a place filled with commuters taking home large paychecks.
The Fragility of an MMF‑Intermediated Financial System
Since the financial crisis of 2007-09—and, in particular, the run on prime money market funds (MMFs) in September 2008—policymakers have been concerned that the funds’ fragility may render banks themselves more susceptible to risk.
Historical Echoes: Santa, the Grinch, and Scrooge for the Holidays
The Grinch (from the Dr. Seuss children’s book) and Santa are often invoked to describe what’s happening with consumer spending around the holidays.
Who’s Borrowing in the Fed Funds Market?
The federal funds market plays an important role in the implementation of monetary policy.
Introducing the FRBNY Survey of Consumer Expectations: Household Finance Expectations
In this fourth and final post in our series describing the new FRBNY Survey of Consumer Expectations (SCE), we present the final component of the survey, dedicated to household finance.
Introducing the FRBNY Survey of Consumer Expectations: Labor Market Expectations
In the previous two blog postings in this series, we described the goals, structure, and content of the new FRBNY Survey of Consumer Expectations (SCE) and presented some findings regarding inflation expectations.
Introducing the FRBNY Survey of Consumer Expectations: Measuring Price Inflation Expectations
In this second of a series of four blog postings, we discuss the data on inflation expectations collected in our new FRBNY Survey of Consumer Expectations (SCE).
Introducing the FRBNY Survey of Consumer Expectations: Survey Goals, Design, and Content
Starting in the first quarter of 2014, the Federal Reserve Bank of New York (FRBNY) will begin reporting findings from a new national survey designed to elicit consumers’ expectations for a wide range of household-level and aggregate economic and financial conditions.
Who’s Lending in the Fed Funds Market?
The federal funds market is important to the framework and implementation of U.S. monetary policy.