The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts. And in the latest edition of the Beige Book, respondents noted that the U.S. economy slowed headed into the final...
The overall rejection rate for credit applicants hit its highest level in five years in June. The rejection rate of 21.8% was the highest level since June 2018, the Federal Reserve Bank of New York reported Monday (July 17) when releasing findings from its June Survey of Consumer Expectations...
Smaller lenders emerged from the recent banking crisis relatively unscathed, according to new research. A study released Thursday (May 11) by the New York Fed found that withdrawals from banks in the wake of Silicon Valley Bank’s (SVB) failure in March were primarily centered around 30...
Global supply chains reported less strain in July than at any point since January 2021, with an easing of port congestion and other issues, the New York Federal Reserve reported on Thursday (Aug. 4). This was the third straight month of declines and showed encouraging...
May 06, 2024
Renters are less confident that they will ever own a home than they have been since the Federal Reserve Bank of New York began asking them about this prospect. The share of renters who expect to own a home dropped to 40.1% in the New York Fed’s 2024 SCE Housing Survey, which is 4.3 percentage points lower than […]
July 17, 2023
The overall rejection rate for credit applicants hit its highest level in five years in June. The rejection rate of 21.8% was the highest level since June 2018, the Federal Reserve...
May 11, 2023
Smaller lenders emerged from the recent banking crisis relatively unscathed, according to new research. A study released Thursday (May 11) by the New York Fed found that withdrawals from banks...
March 26, 2019
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization...
