Federal Reserve Bank of New York
Register Now: COVID-19's Impact on Older Business Owners & Entrepreneurs (3/30/21, w/ co-host AARP)
- Title
- Register Now: COVID-19's Impact on Older Business Owners & Entrepreneurs (3/30/21, w/ co-host AARP)
- Date posted
- 3 years ago
- Description
- On Tuesday, March 30, the Federal Reserve Bank of New York and the AARP (American Association of Retired Persons) will host a virtual event titled The State of the 50+ Entrepreneur. This event will bring together thought leaders, researchers, and policymakers, to discuss the impact of the COVID-19 pandemic on older business owners and their firms, and what might be done to help their recovery.
During this webinar, Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, of the New York Fed will present and discuss a new report that examines the state of older business owners and their firms, as well as challenges they have faced historically and amidst the coronavirus pandemic.
In addition, New York Fed President and CEO John Williams will participate in a moderated discussion with the Nancy LeaMond, Executive Vice President and Chief Advocacy and Engagement Officer at AARP. The discussion, titled The Role Small Busine...
- Title
- Register Now: How Do Diversity, Equity & Inclusion Shape Financial Services Culture?
- Date posted
- 3 years ago
- Description
- The topics of Diversity, Equity & Inclusion are central to reforming financial sector culture as well as having wide-ranging consequences on society.
The New York Fed is hosting a virtual event on the topic, open to the public, on Monday March 1, 9:00 am. To register, visit nyfed.org/mar1event.
The event is part of the New York Fed's initiative to spur reform of culture and conduct in the financial services industry and encourage the industry to raise standards. Panelists will explore questions related to how and why norms and biases change, the role of leaders and institutions in driving that change, and why motivations matter.
- Title
- Economic Inequality: A Research Series
- Date posted
- 3 years ago
- Description
- The New York Fed conducts research to better understand what contributes to economic inequality in its many forms – in the region, and across the Nation.
Often, economic research focuses on understanding the average effects of a policy or program. However, while averages provide useful reference points, they don’t capture the full story.
To better understand what contributes to economic inequality in the region and across the Nation, it is vital to understand how the effects of policies and economic trends differ across geographic, demographic, and socioeconomic boundaries.
The Economic Inequality series from the New York Fed highlights the differences in economic outcomes and policy impacts by race, gender, age, geography, income, education, and other factors.
Timely content is packaged on a recurring basis and published on the Liberty Street Economics blog, offering policymakers, practitioners, researchers, and the general publi...
- Title
- Economists Examine the Labor Market in COVID 19
- Date posted
- 3 years ago
- Description
- The New York Fed's economists turn focus to the Labor Market in COVID-19 as part of the recurring research series "Economic Inequality" on Liberty Street Economics → nyfed.org/inequality-series.
This virtual event took place on February 9, 2021, and is shown here in full.
Economic analysis often focuses on understanding the average effects of a policy or program. Although averages are undoubtedly useful reference points, they do not tell the whole story. It is vital to understand how the effects of policies and economic trends vary across geographic, demographic, and socioeconomic boundaries. Designed with this objective in mind, the economic inequality series is a recurring Liberty Street Economics blog series that highlights differences in economic outcomes and policy impacts by race, gender, age, geography, income, education, and other factors.
- Title
- Economist Spotlight Series: History’s Barrier-Breakers, Today's Students, Tomorrow’s Economists
- Date posted
- 3 years ago
- Description
- Economics is not an abstract science. It’s a pathway for students to better understand the world around them, and a potential career to help shape a more equitable economy and society for all.
The Economist Spotlight Series, from the New York Fed, offers engaging activities that highlight real-life barrier breakers in the field of economics. Designed for middle school and high school classrooms, the activities take students through an economist’s way of thinking – asking questions, researching and analyzing data, and drawing conclusions that can make a real difference in people’s lives.
The first installment in the series focuses on Dr. Sadie T. M. Alexander, who in 1921 became the first Black American to earn a PhD in economics. She once used small questions like, “How much does your family spend on socks?” to answer a much bigger one: “What is the standard of living for some of the first Black families to settle in Philadelphia during the Grea...
- Title
- Problem Solving! Economics! Space Travel...? How the New York Fed's Comic Books Enhance Learning
- Date posted
- 3 years ago
- Description
- The New York Fed's Educational Comic Book Series → nyfed.org/comicbooks
Problem Solving! Economics! Space Travel?
Join Flora, Glix, and an intrepid cast of characters as they travel the universe, meet new friends, and work together to learn about economic and financial literacy.
Available to students, teachers, community organizations, and households at no charge, the New York Fed’s Educational Comic Book Series brings readers on an out-of-this-world journey to teach about basic economic principles and the Federal Reserve’s role in the financial system.
For classroom or independent learning, the series is created for students of all ages, and stimulates curiosity and raises awareness of careers in economics and finance. In addition, lesson plans created for each comic book meet national and state standards for New York, New Jersey, and Connecticut.
- Title
- Activity in the region’s service sector declined at an accelerated pace
- Date posted
- 3 years ago
- Description
- January 2021 Business Leaders Survey → nyfed.org/BLS.
Activity in the region’s service sector declined at an accelerated pace, according to firms responding to the Federal Reserve Bank of New York’s January 2021 Business Leaders Survey. The survey’s headline business activity index fell five points to -31.8. The business climate index fell three points -63.3, indicating that the vast majority of firms continued to view the business climate as worse than normal. Employment levels declined at a faster clip than last month, though wage increases picked up. Both input prices and selling prices increased at a faster pace than in December. Capital spending fell for a tenth consecutive month. Looking ahead, firms expect business conditions to improve over the next six months.
- Title
- Business Activity Little Changed in NYS
- Date posted
- 3 years ago
- Description
- January 2021 Empire State Manufacturing Survey → nyfed.org/esms
Business activity was little changed in New York State, according to firms responding to the January 2021 Empire State Manufacturing Survey. The headline general business conditions index held steady at 3.5. New orders and shipments edged higher. Unfilled orders continued to move lower, and delivery times continued to lengthen somewhat. Employment levels increased modestly and the average workweek lengthened. Input price increases and selling price increases both picked up noticeably. Looking ahead, firms remained optimistic that conditions would improve over the next six months.
- Title
- How Our Economic Education Programs Combat Inequality
- Date posted
- 3 years ago
- Description
- The New York Fed designs economic education programs in partnership with educators to engage students and stimulate their interest in economics as a subject for study and the basis for a career.
For more information, visit nyfed.org/econ-ed
- Title
- Uncertainty about Future Inflation Increases Slightly
- Date posted
- 3 years ago
- Description
- December 2020 Survey of Consumer Expectations → nyfed.org/sce
The December 2020 Survey of Consumer Expectations shows the median home price change expectation increasing sharply to 3.6 percent in December from 3.0 percent in November. The measure has been on an upward trend since reaching a series low of 0 percent in April and is now at its highest level since July 2018. The median inflation expectation rose at the three-year horizon, while remaining unchanged at the one-year horizon. Uncertainty about future inflation increased slightly, remaining elevated in comparison with the pre-COVID-19 period.
- Title
- Activity in the region’s service sector declined at its fastest pace since June
- Date posted
- 3 years ago
- Description
- December 2020 Business Leaders Survey → nyfed.org/BLS.
The survey’s headline business activity index fell eleven points to -26.9. The business climate index was little changed at -60.3, indicating that the vast majority of firms continued to view the business climate as worse than normal. Employment levels declined, and wages increased at a slower pace than last month. Input prices increased at about the same pace as in November, while selling prices held steady. Capital spending fell for a ninth consecutive month. Looking ahead, firms expect little improvement in business conditions over the next six months.
- Title
- Reducing Climate Risk for Low Income Communities (Full Event, 11/19/20)
- Date posted
- 3 years ago
- Description
- Reducing Climate Risk for Low Income Communities
This virtual event took place on November 19, 2020, and is available to watch here in full.
The shocks and stresses of climate change are creating huge risks for both the financial sector and vulnerable populations. Already in 2020, with a global temperature rise of 1.2°C, we have seen the impact of more severe wildfires and hurricanes. We know these impacts are not distributed evenly, with low-income and other vulnerable communities affected most. There is a clear opportunity for climate finance to address risk by building stronger economies in low-income areas that makes places more resilient to climate change.
Co-hosted by Climate Safe Lending Network, this event explored the intersection of climate change approaches in the financial sector, and the opportunities for community resilience and inclusion.
- Title
- Business activity edged slightly higher in New York State
- Date posted
- 3 years ago
- Description
- December 2020 Empire State Manufacturing Survey → nyfed.org/esms.
The headline general business conditions index was little changed at 4.9. New orders increased marginally, and shipments were modestly higher. Inventories continued to move lower, and delivery times edged up. Employment posted its strongest gain in months, and the average workweek lengthened somewhat. Input prices increased at the fastest pace in two years, while selling prices increased at about the same pace as last month. Looking ahead, firms remained optimistic that conditions would improve over the next six months.
- Title
- Household Spending Growth Expectations Strengthen
- Date posted
- 3 years ago
- Description
- November 2020 Survey of Consumer Expectations → nyfed.org/sce
The November Survey of Consumer Expectations shows that consumers’ year-ahead spending growth expectations rose to 3.7 percent—the highest level in more than four years—despite flat income and earnings growth expectations. Labor market signals were mixed: Although the mean perceived probability of losing one’s job in the next twelve months decreased to 14.6 percent in November from 15.5 percent in October, expectations that the unemployment rate will be higher one year from now rose to 40.1 percent, the first increase since July.
- Title
- Continuing the Conversation on Culture: Trust & Decision-Making (Supplementary Content, 12/2/20)
- Date posted
- 3 years ago
- Description
- Continuing the Conversation on Culture: Trust & Decision-Making
Supplementary Virtual Event Content, 12/2/20
For six years, the New York Fed has drawn attention to culture and conduct in the financial services industry and encouraged the industry to work together to improve standards. To continue this initiative in a virtual environment, the Bank is hosting a series of web events highlighting current work and scholarship in this area. A video of the first event, which presented some of the New York Fed's work with the industry on culture, is available here.
The second event in the series focused on trust and decision-making. Panelists offered diverse perspectives drawn from neuroscience, behavioral science, financial services, technology, and space flight to help us better understand how trust and habits of decision-making affect organizational culture and outcomes. The discussion covered their views on the formation and erosion of trust in colleagues, ...
- Title
- Reflections & Closing | Mobilizing Capital: Artists' Impact on Community Health... (11/20/20)
- Date posted
- 3 years ago
- Description
- On Friday, November 20, 2020, the Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, hosted a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing.
"Mobilizing Capital: Artists' Impact on Community Health and Wellbeing" explored the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes.
Speakers included leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.
The full event is available watch here:
Welcome & Opening Remarks
https://youtu.be/GD0O4alaKKM
Investing in Arti...
- Title
- Evidence-based Research on Arts & Health | Mobilizing Capital: Artists' Impact... (11/20/20)
- Date posted
- 3 years ago
- Description
- On Friday, November 20, 2020, the Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, hosted a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing.
"Mobilizing Capital: Artists' Impact on Community Health and Wellbeing" explored the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes.
Speakers included leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.
The full event is available watch here:
Welcome & Opening Remarks
https://youtu.be/GD0O4alaKKM
Investing in Arti...
- Title
- Artist Vignette | Mobilizing Capital: Artists' Impact on Community Health... (11/20/20)
- Date posted
- 3 years ago
- Description
- On Friday, November 20, 2020, the Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, hosted a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing.
"Mobilizing Capital: Artists' Impact on Community Health and Wellbeing" explored the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes.
Speakers included leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.
The full event is available watch here:
Welcome & Opening Remarks
https://youtu.be/GD0O4alaKKM
Investing in Arti...
- Title
- Investing in Artists to Build Community and Create Change | Mobilizing Capital... (11/20/20)
- Date posted
- 3 years ago
- Description
- On Friday, November 20, 2020, the Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, hosted a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing.
"Mobilizing Capital: Artists' Impact on Community Health and Wellbeing" explored the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes.
Speakers included leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.
The full event is available watch here:
Welcome & Opening Remarks
https://youtu.be/GD0O4alaKKM
Investing in Arti...
- Title
- Opening Remarks | Mobilizing Capital: Artists' Impact on Community Health... (11/20/20)
- Date posted
- 3 years ago
- Description
- On Friday, November 20, 2020, the Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, hosted a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing.
"Mobilizing Capital: Artists' Impact on Community Health and Wellbeing" explored the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes.
Speakers included leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.
The full event is available watch here:
Welcome & Opening Remarks
https://youtu.be/GD0O4alaKKM
Investing in Arti...
- Title
- Web Series on Culture: Trust & Decision-Making (Full Event, 12/2/20)
- Date posted
- 3 years ago
- Description
- Web Series on Culture: Trust & Decision-Making
Full Event, 12/2/20
For six years, the New York Fed has drawn attention to culture and conduct in the financial services industry and encouraged the industry to work together to improve standards. To continue this initiative in a virtual environment, the Bank is hosting a series of web events highlighting current work and scholarship in this area. A video of the first event, which presented some of the New York Fed's work with the industry on culture, is available here.
The second event in the series focused on trust and decision-making. Panelists offered diverse perspectives drawn from neuroscience, behavioral science, financial services, technology, and space flight to help us better understand how trust and habits of decision-making affect organizational culture and outcomes. The discussion covered their views on the formation and erosion of trust in colleagues, employers and systems, considered links be...
- Title
- Recovery and Resilience in Puerto Rico | Bank Notes Podcast
- Date posted
- 3 years ago
- Description
- In the face of mounting challenges, the citizens of Puerto Rico have taken the future into their own hands. Community leaders are tackling foundational issues on the Island, such as affordable housing, capacity building, workforce development, recovery & resilience, renewable energy, and more. For this episode, we share their perspectives, examine how Puerto Rico arrived at this crucial moment, and reveal how CDFIs and other impact investors can get involved.
Bank Notes takes listeners deeper into insights and analysis from the New York Fed, told series by series. Listen here, or download episodes from iTunes.
- Title
- Shelter from the Storm: Psychological Safety & Workplace Culture... (James Hennessy, 11/26/20)
- Date posted
- 3 years ago
- Description
- "Shelter from the Storm: Psychological Safety and Workplace Culture during the Coronavirus Pandemic"
Pre-recorded remarks by James Hennessy, Senior Vice President, Supervision. Delivered November 26, 2020, as the Keynote Address for the 6th Annual Culture and Conduct Forum for the Financial Services Industry – ‘Culture, Conduct and COVID-19’
For more information, visit:
nyfed.org/eif
nyfed.org/governance-and-culture
- Title
- Forum on Ongoing Innovation in Reference Rates for Commercial Lending (Full event, 11/18/20)
- Date posted
- 3 years ago
- Description
- Forum on Ongoing Innovation in Reference Rates for Commercial Lending (Transition from LIBOR: Credit Sensitivity Group Additional Working Session)
This virtual event took place on November 18, 2020, and is available to watch here in full.
The first of two additional working sessions, via webinar, brought together a diverse set of banks and borrowers involved in prior Credit Sensitivity Group workshops, reference rate administrators, and other relevant parties to highlight areas of innovation underway in reference rates for commercial lending, particularly those with a credit-sensitive element. This forum was not intended to facilitate or result in a recommendation of any particular products, services, or approaches, and does not constitute an endorsement by the official sector participants of any rate discussed.
For more information, visit nyfed.org/LIBOR-credit-sensitivity.
- Title
- Economic Inequality: "The COVID-19 Eviction Cliff–Who’s Affected...?" (Full Event, 10/27/20)
- Date posted
- 3 years ago
- Description
- Economic Inequality Policy Series: The COVID-19 Eviction Cliff–Who’s Affected and How to Mitigate Short- and Long-term Crises?
This virtual event took place on October 27, 2020, and is available to watch here in full.
The Federal Reserve Bank of New York, in collaboration with the NYU Furman Center, will host its fourth event in a series of discussions on economic inequality on October 27, 2020. The event, "The COVID-19 Eviction Cliff," will highlight insights on housing and evictions and include conversations with researchers, government, think tanks and organizational leaders.
The pandemic and its associated job losses have limited renters’ ability to pay monthly expenses and landlords’ ability to keep current on mortgages. Both sources of uncertainty threaten neighborhood safety and stability, which looms as New York State’s and the CDC’s temporary halts on evictions are set to expire soon. Finding a solution to avert widespread evi...
- Title
- Why Economics and Equity Matter More Than Ever
- Date posted
- 3 years ago
- Description
- Why Economics and Equity Matter More Than Ever
Economic education from the New York Fed provides accessible content and programs for teachers, students, and the public. Designed to engage and empower a broad audience, these resources focus in part on addressing economic and racial inequities.
The everyday experiences and livelihoods of Americans differ greatly across geographic, demographic, and socioeconomic lines -- and economic inequality can prevent some communities and families from affording healthcare, buying a home, starting a business, or pursuing higher education.
The New York Fed’s educational comic books, lesson plans, teacher trainings, student competitions, and more seek to engage students from diverse backgrounds, and demystify economics as a field of study and potential career.
By diversifying the pipeline of students interested in pursuing the field of economics, it’s the Fed’s goal to bring the full spectru...
- Title
- Household Debt and Credit | Q3 2020
- Date posted
- 3 years ago
- Description
- Household Debt Back on the Rise after Second Quarter Dip → nyfed.org/HHDC.
According to the latest Quarterly Report on Household Debt and Credit, total household debt increased by $87 billion (0.6 percent) in the third quarter of 2020, more than offsetting the decline seen in the previous quarter. The data likely reflect improvements in economic activity and the labor market, as well as the positive impacts of relief measures provided through CARES Act provisions or offered voluntarily by lenders. Mortgage originations, including refinances, continued on their upward trend as homeowners continue to take advantage of the low interest rate environment.
- Title
- Activity in the region’s service sector declined at a faster pace than in recent months
- Date posted
- 3 years ago
- Description
- November 2020 Business Leaders Survey → nyfed.org/BLS.
The survey’s headline business activity index fell eleven points to -15.8, its lowest level since August. The business climate index was little changed at -63.1, indicating that the vast majority of firms continued to view the business climate as worse than normal. Employment levels were little changed, and wages increased. Input prices increased at about the same pace as last month, while selling prices held steady. Capital spending fell for an eighth consecutive month. Looking ahead, firms did not expect business conditions to improve, on net, over the next six months.
- Title
- Business activity expanded in New York State
- Date posted
- 3 years ago
- Description
- November 2020 Empire State Manufacturing Survey → nyfed.org/esms.
The headline general business conditions index fell four points to 6.3, pointing to a slower pace of growth than in October. There was a small increase in new orders, and shipments were modestly higher. Inventories moved lower, and delivery times were steady. Employment levels and hours worked both rose. Input prices increased at about the same pace as last month, while selling price increases picked up. Looking ahead, firms remained optimistic that conditions would improve over the next six months.
- Title
- Partnerships in Building Ethical Norms: Governance & Culture Reform... (Full Event, 10/19/20)
- Date posted
- 3 years ago
- Description
- For several years, the New York Fed has drawn attention to culture and conduct in the financial services industry and encouraged the industry to work together to improve standards. To continue this initiative in a virtual environment, the Bank is hosting a series of webinars highlighting current work and scholarship in this area.
The first of these events, “Partnerships in Building Ethical Norms,” took place on October 19, 2020, and is available to watch here in its entirety.
The webinar highlighted two initiatives in which the New York Fed has worked with the industry to promote ethical norms: the Education and Industry Forum’s case studies, which present ethical dilemmas faced by junior employees in financial firms, and the FX Global Code, a set of principles for participants in the international foreign exchange market published in 2017.
For more information, visit:
nyfed.org/eif
globalfxc.org
nyfed.org/governance-and-cu...
- Title
- Income and Spending Growth Expectations Weaken
- Date posted
- 3 years ago
- Description
- October 2020 Survey of Consumer Expectations → nyfed.org/sce
The October Survey of Consumer Expectations shows households reporting a decline in income and spending growth expectations and a mixed labor market outlook. Regarding labor market expectations, the mean perceived probability of losing one’s job in the next twelve months decreased to 15.5 percent in October from 16.6 percent in September, remaining above its pre-COVID-19 reading of 13.8 percent in February. However, the mean perceived probability of finding a job (if one’s current job was lost) declined 3 percentage points to 46.9 percent in October, the lowest such reading since April 2014.
- Title
- Register Now: Reducing Climate Risk for Low Income Communities (11/19)
- Date posted
- 3 years ago
- Description
- Register Now: Reducing Climate Risk for Low Income Communities (11/19) → nyfed.org/nov19event
The shocks and stresses of climate change are creating huge risks for both the financial sector and vulnerable populations. Already in 2020, with a global temperature rise of 1.2°C, we have seen the impact of more severe wildfires and hurricanes. We know these impacts are not distributed evenly, with low-income and other vulnerable communities affected most. There is a clear opportunity for climate finance to address risk by building stronger economies in low-income areas that makes places more resilient to climate change.
Co-hosted by Climate Safe Lending Network, this event will explore the intersection of climate change approaches in the financial sector, and the opportunities for community resilience and inclusion.
- Title
- Register Now: Mobilizing Capital: Artists' Impact on Community Health and Wellbeing (11/20)
- Date posted
- 3 years ago
- Description
- Register Now: Mobilizing Capital: Artists' Impact on Community Health and Wellbeing (11/20) → nyfed.org/nov20event
The Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, will host a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing on November 20, 2020 via Webex.
The webinar will explore the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes. Speakers will include leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.
The event will be recorded and open to the public.
- Title
- Comics in the Classroom: A Look at the New York Fed's Educational Comic Books (Full Event, 9/30/20)
- Date posted
- 4 years ago
- Description
- Comics in the Classroom: A Look at the New York Fed's Educational Comic Book Series
This virtual event took place on September 30, 2020, and is available to watch here in full.
Join the creators of the New York Fed’s Educational Comic Books! Learn about the recently relaunched series and how it can be used inside and outside the classroom.
For classroom or independent learning, the Educational Comic Book Series is created for students of all ages, and stimulates curiosity and raises awareness of careers in economics and finance. In addition, lesson plans created for each comic book meet national and state standards for New York, New Jersey, and Connecticut. Comic books are available to students, teachers, community organizations, and households at no charge. You can download copies or request print copies by mail on the Educational Comic Book page.
- Title
- Economic Inequality: "The Impacts of COVID-19 on Communities of Color..." (Full Event, 9/24/20)
- Date posted
- 4 years ago
- Description
- Economic Inequality Policy Series: The Impacts of COVID-19 on Communities of Color and Policy Insights for an Equitable Economic Recovery
This virtual event took place on September 24, 2020, and is available to watch here in full.
The New York Fed's third event in a series of discussions on inequality, this forum highlighted the New York Fed’s recent research and looked at the impact of COVID-19 on communities of color. The event followed a forum in June, “An Update from the Experts: COVID-19’s Impact on Housing,” which highlighted research on the housing market and included conversations with policy-influencers on the impact of the pandemic on homeowners and renters. The virtual event also featured community development leaders and policy-influencers who discussed insights for an equitable economic recovery focused on credit markets, the racial wealth gap, and workforce equity.
The event was open to the media and members of the public, in...
- Title
- FinTech Conference (10/01/20) | Using Big Data: International Evidence
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Using Big Data: International Evidence.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (10/01/20) | Who Benefits from Robo-Advising?
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Who Benefits from Robo-Advising?
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (9/29/20) | Cross-Border Payments, Digital Currencies and Tokens
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Cross-Border Payments, Digital Currencies and Tokens.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (9/29/20) | Keynote Speech
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Keynote Speech.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (10/01/20) | Opening Remarks, Day 2
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Opening Remarks, Day 2.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (10/01/20) | Big Data and Machine Learning in Banking, Law and Economics
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Big Data and Machine Learning in Banking, Law and Economics.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (9/29/20) | FinTech Market Design
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: FinTech Market Design.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- FinTech Conference (9/29/20) | Opening Remarks, Day 1
- Date posted
- 4 years ago
- Description
- The Second New York Fed Research Conference on FinTech
September 29 & October 1, 2020
Hosted by the Federal Reserve Bank of New York
The full conference is available to watch across eight videos, including this one: Opening Remarks, Day 1.
The conference was to further our understanding of the impact, implications, and direction of FinTech, by fostering discussion between academics, policy makers, and industry leaders. Topics covered included central bank digital currencies, cross-border payments, machine learning applications, marketplace lending and tokenization.
For more information, visit nyfed.org/fintech-2020.
- Title
- Register Now: The COVID-19 Eviction Cliff (10/27/20)
- Date posted
- 4 years ago
- Description
- Register now for the fourth installment in our Economic Inequality Policy Series: "The COVID-19 Eviction Cliff–Who’s Affected and How to Mitigate Short- and Long-term Crises?" → nyfed.org/oct27event
The Federal Reserve Bank of New York, in collaboration with the NYU Furman Center, will host its fourth event in a series of discussions on economic inequality on October 27, 2020. The event, "The COVID-19 Eviction Cliff," will highlight insights on housing and evictions and include conversations with researchers, government, think tanks and organizational leaders.
The pandemic and its associated job losses have limited renters’ ability to pay monthly expenses and landlords’ ability to keep current on mortgages. Both sources of uncertainty threaten neighborhood safety and stability, which looms as New York State’s and the CDC’s temporary halts on evictions are set to expire soon. Finding a solution to avert widespread evictions is critical to avoid m...
- Title
- The Corporate Credit Facilities, Explained
- Date posted
- 4 years ago
- Description
- The Corporate Credit Facilities, Explained
The Primary Market Corporate Credit Facility (nyfed.org/pmccf) and Secondary Market Corporate Credit Facility (nyfed.org/smccf) are two of the programs established by the Federal Reserve to support the economy through the Coronavirus Pandemic.
Together, these facilities are intended to provide support for U.S. companies that employ a large number of workers and finance themselves by issuing debt into capital markets.
But what does it mean when a company issues debt? Why are corporate bond markets important to the U.S. economy as a whole? And how do the Primary Market Corporate Credit Facility and Secondary Market Corporate Credit Facility actually work?
One way that companies fund their operating expenses is by issuing debt in the form of corporate bonds. These corporate bonds are a form of corporate IOU, in which the company is borrowing money from investors. In exchange, investors expect t...
- Title
- Introducing the Case Studies from the Education & Industry Forum on Financial Services Culture
- Date posted
- 4 years ago
- Description
- Introducing the Case Studies from the Education & Industry Forum on Financial Services Culture → nyfed.org/eif
Since 2017, the New York Fed has been bringing together representatives from the financial services industry and leading academic institutions to discuss ways to reform the culture of financial services.
This partnership resulted in a series of real world case studies intended to challenge students and young professionals with some of the dilemmas they're likely to face in the industry.
Educational Resources
The Education and Industry Forum on Financial Services Culture produces educational resources for use in business education and industry learning and development courses. These products are a collaborative effort between leading academics and industry professionals, aimed at strengthening ethical standards—and encouraging behavior that is worthy of public trust— in the financial services industry by aligning classroom lear...
- Title
- Activity in the region’s service sector declined slightly
- Date posted
- 4 years ago
- Description
- October 2020 Business Leaders Survey → nyfed.org/BLS.
The survey’s headline business activity index held steady but remained negative at -4.9. The business climate index was little changed at -65.9, indicating that the vast majority of firms continued to view the business climate as worse than normal. Employment levels edged lower, and wages moved somewhat higher. Input prices increased at the same pace as last month, while selling prices held steady. Capital spending fell for a seventh consecutive month. Looking ahead, firms expected little improvement in business conditions, on net, over the next six months.
- Title
- Business activity expanded modestly in New York State
- Date posted
- 4 years ago
- Description
- October 2020 Empire State Manufacturing Survey → nyfed.org/esms.
The headline general business conditions index fell seven points to 10.5, pointing to a slower pace of growth than in September. New orders and shipments continued to increase, while unfilled orders continued to decline. Inventories moved lower, and delivery times were little changed. Manufacturers reported a small increase in employment, and a significantly longer average workweek. Input prices increased at about the same pace as last month, and selling prices continued to increase slightly. Looking ahead, firms remained optimistic that conditions would improve over the next six months, though optimism was somewhat lower than last month.
- Title
- Expectations for the Labor Market and Spending Move Higher
- Date posted
- 4 years ago
- Description
- September 2020 Survey of Consumer Expectations → nyfed.org/sce
Households report improvement in labor market and spending expectations, as well as less pessimistic views about their own financial situations in the year ahead, according to the September 2020 Survey of Consumer Expectations. Home price growth expectations returned to their pre-COVID-19 levels, and debt delinquency expectations remained low. In contrast, year-ahead household income expectations remain weak compared with the pre-COVID-19 period. The median inflation expectation remained unchanged at 3.0 percent at the short-term horizon, while it declined 0.3 percentage point to 2.7 percent at the medium-term horizon.
- Title
- The High School Fed Challenge, Reimagined
- Date posted
- 4 years ago
- Description
- Since 1995, the High School Fed Challenge has been encouraging students to learn about the inner workings of the economy, and how policy decisions can affect everyone’s lives.
From teamwork, to in-depth research, to data literacy, to problem solving, and analytical writing, this academic competition from the New York Fed has offered students the chance to learn the economic way of thinking, and develop the skills needed to pursue economics as a career.
And now, in its most comprehensive enhancement to date, the High School Fed Challenge is expanding access to this opportunity to students throughout the Second District.
To address potential travel limitations, the New York Fed will invite students from New York State, Northern New Jersey, Puerto Rico, the U.S. Virgin Islands, and Fairfield County, Connecticut, to submit an academic paper on a topic related to the unique economic theme for that year’s competition.
Top submiss...