New York Federal Reserve

NY Fed Says Worldwide Supply Chains Back to Normal
NY Fed Says Worldwide Supply Chains Back to Normal
March 06, 2023  |  Supply Chain

After years of shortages, global supply chains have returned to pre-pandemic levels. That’s according to findings Monday (March 6) in the Federal Reserve Bank of...

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Today In Payments: Ripple Faces SEC Lawsuit It Says Would Cripple Cryptocurrency Industry; Peloton Buys Fitness Equipment Maker Precor
Today In Payments: Ripple Faces SEC Lawsuit It Says Would Cripple Cryptocurrency Industry; Peloton Buys...
December 22, 2020  |  News

In today’s top news, Ripple said it faces a lawsuit from the SEC over the sale of unlicensed securities and Peloton has acquired fitness equipment...

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Consumers Expect Higher US Household Spending, Even As Some Fear Hard Times
Consumers Expect Higher US Household Spending, Even As Some Fear Hard Times
December 15, 2020  |  Economy

Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as...

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NY Fed Study: Neediest SMBs Didn’t Get PPP Loans
NY Fed Study: Neediest SMBs Didn’t Get PPP Loans
May 06, 2020  |  Loans

The Paycheck Protection Program (PPP) was intended to extend forgivable loans to businesses struggling to pay workers and stay afloat amid the coronavirus pandemic. Instead,...

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US Household Debt Hits All-Time High
US Household Debt Hits All-Time High
May 05, 2020  |  Debt

Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6...

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Coronavirus: Amazon Adjusts Attendance Policy; Trip.com Chairman, CEO To Stop Taking Salaries
Coronavirus: Amazon Adjusts Attendance Policy; Trip.com Chairman, CEO To Stop Taking Salaries
March 09, 2020  |  Coronavirus

The coronavirus could have wide-reaching effects on medical facilities, eCommerce retailers, technology and the economy as a whole. Here are the latest updates on the...

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Young Adults Have Record Debt Surpassing $1T
Young Adults Have Record Debt Surpassing $1T
February 25, 2019  |  Debt

Americans between the ages of 19 and 29 ended 2018 collectively owing more than $1 trillion in debt, the highest level for young adults since...

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NY Federal Reserve Partners With Bangladesh Bank To Sue Over $81M Hack
NY Federal Reserve Partners With Bangladesh Bank To Sue Over $81M Hack
February 01, 2019  |  Legal

The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers. In...

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NY Fed Sees Increase In Access To Consumer Credit
NY Fed Sees Increase In Access To Consumer Credit
November 21, 2017  |  Loans

The Federal Reserve Bank of New York painted a more optimistic picture of U.S. households, saying access to credit has improved at the same time...

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