The New York Fed Staff Nowcast for 2024:Q2 is 1.8%, with the 50% probability interval at [0.8, 2.9] and the 68% interval at [0.3, 3.3]. The Staff Nowcast is 2.2% for 2024:Q3. Explore the data: https://nyfed.org/3LbPEur
Federal Reserve Bank of New York
Financial Services
New York, NY 134,480 followers
Serving the Second District and the Nation
About us
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Some of its most critical functions include the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture. We welcome and invite engagement and discussion on our Linkedin page. In order to maintain a productive exchange of thoughts, opinions, and ideas we prohibit any comments that contain: • Defamation of an individual, group or organization • Spam: posting identical or similar posts repeatedly • Obscenity or vulgarity • Misleading or fraudulent statements and false information • A violation of another’s intellectual property rights • commercial in nature The views, opinions and experiences expressed in user-submitted comments are solely those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York. We reserve the right to remove comments, at our discretion and without notice.
- Website
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http://www.newyorkfed.org
External link for Federal Reserve Bank of New York
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, NY
- Type
- Nonprofit
- Founded
- 1914
- Specialties
- Monetary Policy, Supervision and Regulation, Financial Services, International Operations, Payment Systems, Economic Research and Statistics, Risk Management, and Information Security
Locations
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Primary
33 Liberty Street
New York, NY 10045, US
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100 Orchard Street
East Rutherford, NJ, US
Employees at Federal Reserve Bank of New York
Updates
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Earlier this week, educators gathered at our Museum and Learning Center for an engaging two-day workshop on teaching economics and integrating economics into social studies classrooms. Attendees crafted compelling questions, participated in simulations and games, and learned innovative ways to incorporate economics into various social studies disciplines. Participants in the workshop could receive at least 10 CTLE credits. Learn more about our Teacher Professional Development Program here: https://nyfed.org/3yjDiaQ
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Throughout the twentieth century, steady technological and organizational innovations, along with the accumulation of productive capital, increased labor productivity at a steady rate of around 2 percent per year. However, the past two decades have witnessed a slowdown, particularly in the manufacturing sector. While this phenomenon remains puzzling to economists and policymakers, in today's post, the authors illustrate that the productivity slowdown appears to be pervasive across industries and across firms of various sizes. https://nyfed.org/4cRus8i
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Economic analysis often focuses on understanding the average effects of a policy or program. However, it is vital to understand how macroeconomic trends vary across geographic, demographic, and socioeconomic boundaries. Our Equitable Growth Indicators (EGIs) help bring a deeper understanding of equitable growth considerations to policymaking, research, and practice. Explore our latest national and regional EGIs reports here: https://nyfed.org/43okwP4
Equitable Growth Indicators
newyorkfed.org
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As a Talent Acquisition Coordinator, Ryann helps design and shape the New York Fed's internship program. Throughout the summer, she provides mentorship and guidance to interns to help foster their professional development. "The best part is making the intern experience meaningful, as it not only contributes to the New York Fed's success but also shapes our future workforce," she says. Learn more about careers at the New York Fed: https://lnkd.in/ePSe9q9R
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Today, our Center for Microeconomic Data released the June 2024 Survey of Consumer Expectations, which shows that inflation expectations declined at the short- and longer-term horizons, but increased slightly at the medium-term horizon. Similarly, one-year-ahead expectations about home prices and one-year-ahead expectations about specific goods prices all declined. Learn more: https://nyfed.org/4eMmgbc
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Last month, in partnership with the European Central Bank, we hosted a conference on nonbank financial institutions (NBFIs). The event brought together experts and policymakers to discuss and advance the collective understanding of NBFIs and their activities. The conference covered a broad range of topics related to the NBFI sector. Participants explored vulnerabilities within the NBFI sector, examined the prudential regulation of these institutions, and discussed the complex linkages between banks and nonbank financial institutions. Additionally, the conference delved into the role of NBFIs in transmitting monetary policy. Watch the full recording here: https://nyfed.org/4ayUPyg
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The New York Fed Staff Nowcast for 2024:Q2 is 1.8%, with the 50% probability interval at [0.8, 2.9] and the 68% interval at [0.3, 3.3]. https://nyfed.org/3LbPEur
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The Global Supply Chain Pressure Index (GSCPI) rose to -0.03 in June, up from -0.5 in May. https://nyfed.org/3LmjOZ3
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In remarks at the Reserve Bank of India, President John C. Williams discussed key principles that are at the heart of inflation targeting strategies and have proven foundational and invaluable in managing extreme uncertainty. Here are the key takeaways from that speech. https://nyfed.org/45VRZTy
Key Takeaways from President Williams's Speech on Managing Policy Amid Uncertainty
https://tellerwindow.newyorkfed.org