Federal Reserve Bank of New York
Forum on Ongoing Innovation in Reference Rates for Commercial Lending (Full event, 11/18/20)
- Title
- Forum on Ongoing Innovation in Reference Rates for Commercial Lending (Full event, 11/18/20)
- Runtime
- 2:24:41
- Date posted
- 6 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)
- Runtime
- 1:29:07
- Date posted
- 6 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
- Runtime
- 1:18
- Date posted
- 6 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
- Runtime
- 0:33
- Date posted
- 6 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
- Runtime
- 0:31
- Date posted
- 6 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
- Runtime
- 0:31
- Date posted
- 6 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)
- Runtime
- 58:37
- Date posted
- 6 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
- Runtime
- 0:35
- Date posted
- 6 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)
- Runtime
- 0:41
- Date posted
- 6 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)
- Runtime
- 0:41
- Date posted
- 6 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)
- Runtime
- 55:43
- Date posted
- 6 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)
- Runtime
- 1:26:51
- Date posted
- 6 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 (9/29/20) | Cross-Border Payments, Digital Currencies and Tokens
- Runtime
- 1:23:04
- Date posted
- 6 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 (10/01/20) | Using Big Data: International Evidence
- Runtime
- 1:21:13
- Date posted
- 6 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?
- Runtime
- 1:14:57
- Date posted
- 6 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) | Opening Remarks, Day 1
- Runtime
- 6:30
- Date posted
- 6 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
- FinTech Conference (10/01/20) | Opening Remarks, Day 2
- Runtime
- 3:02
- Date posted
- 6 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 (9/29/20) | Keynote Speech
- Runtime
- 59:52
- Date posted
- 6 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) | Big Data and Machine Learning in Banking, Law and Economics
- Runtime
- 1:24:33
- Date posted
- 6 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
- Runtime
- 1:16:53
- Date posted
- 6 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
- Register Now: The COVID-19 Eviction Cliff (10/27/20)
- Runtime
- 0:41
- Date posted
- 6 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
- Runtime
- 3:51
- Date posted
- 6 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
- Runtime
- 2:54
- Date posted
- 6 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
- Runtime
- 0:32
- Date posted
- 6 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
- Runtime
- 0:34
- Date posted
- 6 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
- Runtime
- 0:33
- Date posted
- 6 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
- Runtime
- 1:24
- Date posted
- 6 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...
- Title
- John Williams, "Glimpsing the Future: Central Banking, Innovation, and FinTech" (10/1/20)
- Runtime
- 3:02
- Date posted
- 6 years ago
- Description
- On October 1, 2020, President John C. Williams delivered opening remarks via pre-recorded video to the second New York Fed FinTech Conference.
His speech, titled "Glimpsing the Future: Central Banking, Innovation, and FinTech," is shown here in its entirety and transcribed below. The full agenda for the conference is available at https://www.newyorkfed.org/research/conference/2020/fintech2.
__
Glimpsing the Future: Central Banking, Innovation, and FinTech
The Second New York Fed Conference on FinTech
Virtual – Hosted by the New York Fed
John Williams, President and CEO, Federal Reserve Bank of New York
11am (EST), October 1, 2020
Remarks prerecorded on 28th September.
Good morning, it’s a pleasure to be opening the second day of the New York Fed’s FinTech Conference. I hope that wherever you are you’re safe and healthy and that you have a big pot of coffee brewing.
There are lots...
- Title
- The Municipal Liquidity Facility, Explained
- Runtime
- 3:31
- Date posted
- 6 years ago
- Description
- The Municipal Liquidity Facility is one of several programs established by the Federal Reserve to support the economy through the Coronavirus pandemic → nyfed.org/MLF
It was created to help state and local governments weather cash flow pressures caused by unforeseen expenditures, as well as delayed or decreased income from expected revenues such as taxes.
But how is a municipal government actually financed? Why is the healthy functioning of the municipal securities market important for households and businesses? And how does the Fed’s Municipal Liquidity Facility actually work?
State governments, local governments, and other municipal entities fund themselves by collecting taxes and other revenues. Additionally, to help maintain cash flow between collection periods, they issue debt securities such as municipal notes or bonds. This allows municipal entities to continue providing essential public services to their citizens, such as healthcare, e...
- Title
- Preview: Culture and Communities, A Conversation about the Creative Sector... (10/16/20)
- Runtime
- 0:41
- Date posted
- 6 years ago
- Description
- Learn more about our work in "Culture and Communities: A Conversation about the Creative Sector, Community Development and Impact Investing" → nyfed.org/oct16event
The Federal Reserve Bank of New York will host this invitation-only discussion with Upstart Co-Lab on the role of cultural institutions in New York City’s recovery from COVID-19 on October 16, 2020 via Webex, with the full event made available to watch thereafter.
New York City’s museums, libraries, and other nonprofit cultural organizations steward endowments of more than $15 billion in aggregate. This conversation will assemble leaders from endowed cultural institutions for a practical orientation to impact investing aligned with institutional mission and values. The discussion will include local experts, foundation leaders and other peer investors to highlight the importance of New York City’s creative economy; describe culture as a driver of community well-being; and present actionable i...
- Title
- Register Now: The Impacts of COVID-19 on Communities of Color... (9/24/20)
- Runtime
- 0:41
- Date posted
- 6 years ago
- Description
- Register now for the third installment in our Economic Inequality Policy Series: "The Impacts of COVID-19 on Communities of Color and Policy Insights for an Equitable Economic Recovery" → nyfed.org/sept24event
This forum will highlight the New York Fed’s recent research and will look at the impact of COVID-19 on communities of color. This event follows 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 will also feature community development leaders and policy-influencers who will discuss insights for an equitable economic recovery focused on credit markets, the racial wealth gap, and workforce equity.
This event is open to the media and members of the public, including nonprofit organizations, foundations, chambers of commerce, federal and local commu...
- Title
- Activity in the region’s service sector declined modestly
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- September 2020 Business Leaders Survey → nyfed.org/BLS.
The survey’s headline business activity index rose twelve points to -5.4, pointing to a slower pace of decline than in August. The business climate index rose eight points to -66.5, indicating that firms viewed the business climate as worse than normal, though to a somewhat lesser extent than last month. Employment levels continued to decline, though only modestly, and wages were higher. Input prices increased at the same pace as last month, while selling prices stabilized. Capital spending fell for a sixth consecutive month. Looking ahead, firms were just slightly optimistic about the six-month outlook, on net, and expected the business climate to remain worse than normal in the months ahead.
- Title
- Business activity expanded at a solid clip in New York State
- Runtime
- 0:34
- Date posted
- 6 years ago
- Description
- September 2020 Empire State Manufacturing Survey → nyfed.org/esms.
The headline general business conditions index climbed thirteen points to 17.0. New orders increased modestly, and shipments grew significantly. Unfilled orders continued to decline. Inventories edged slightly lower, and delivery times were somewhat longer. Employment was again little changed this month, though the average workweek picked up. Input prices increased at a faster pace than in August, and selling prices continued to increase modestly. Looking ahead, firms remained optimistic that conditions would improve over the next six months.
- Title
- Households’ Financial Expectations Improve
- Runtime
- 0:33
- Date posted
- 6 years ago
- Description
- August 2020 Survey of Consumer Expectations → nyfed.org/sce
According to the results of the August 2020 Survey of Consumer Expectations, home price growth expectations nearly returned to levels seen a year ago, while delinquency expectations remain low. However, year-ahead spending, household income, and labor market expectations all remain weak compared to the pre-COVID-19 period. Median inflation expectations increased at both the short- and medium-term horizons, while uncertainty and disagreement about future inflation remain elevated.
- Title
- Double Jeopardy: The Concentrated Health and Wealth Effects on Black Communities from COVID-19
- Runtime
- 1:31
- Date posted
- 6 years ago
- Description
- View the full report → nyfed.org/DoubleJeopardy
The COVID-19 pandemic has exposed acute and deep-rooted connections between physical health and economic well-being. Many of the areas hit hardest by the pandemic are concurrently reeling from the health crisis, business closures, and job losses.
These communities are disproportionately communities of color.
Amid forced closings, modified re-openings, and weakened demand, the effects of the pandemic on small businesses overall have been significant. Nationally, the number of active business owners fell by 22 percent from February to April 2020—the largest drop on record. However, while this overall decline is noteworthy, differences across racial and ethnic groups prove even more striking.
Black business owners experienced the most acute decline, with a 41 percent drop. Latinx business owners fell by 32 percent, and Asian business owners dropped by 26 percent. In contrast, the num...
- Title
- After steadying last month, activity in the region’s service sector declined significantly
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- August 2020 Business Leaders Survey → nyfed.org/BLS.
The survey’s headline business activity index fell fifteen points to -17.1 The business climate index was little changed at -74.1, indicating that the vast majority of firms still viewed the business climate as worse than normal. Employment levels continued to decline, though at a slower pace than in recent months, and wages edged slightly higher. Input price increases picked up, while selling prices continued to decline slightly. Capital spending fell for a fifth consecutive month. Firms turned pessimistic about the six-month outlook, and expected the business climate to be worse than normal in the months ahead.
- Title
- Business activity edged slightly higher in New York State
- Runtime
- 0:34
- Date posted
- 6 years ago
- Description
- August 2020 Empire State Manufacturing Survey → nyfed.org/esms.
The headline general business conditions index fell fourteen points to 3.7, signaling a slower pace of growth than in July. New orders were little changed, and shipments increased modestly. Unfilled orders were down, and inventories declined. Employment inched higher, while the average workweek declined. Input prices increased at about the same pace as last month, while selling prices increased for the first time in several months. Firms remained optimistic that conditions would improve over the next six months, though optimism fell for a second consecutive month.
- Title
- EVP Daleep Singh's Remarks to the OSSP Forum on Central Bank Foreign Currency Operations (8/5/20)
- Runtime
- 16:24
- Date posted
- 6 years ago
- Description
- On August 5, 2020, Daleep Singh (Executive Vice President & Head of the Markets Group) delivered opening remarks via pre-recorded video to the Official Sector Service Providers (OSSP)-Bank Negara Malaysia (BNM)-South East Asian Central Banks (SEACEN) Research and Training Centre Forum on Central Bank Foreign Currency Operations.
His speech, titled "Recent Global Developments and Central Bank Responsibilities in a Changing Risk Landscape," is shown here in its entirety and available to read at https://nyfed.org/Singh_20200805.
- Title
- Pause Seen to Upward Trend
- Runtime
- 0:33
- Date posted
- 6 years ago
- Description
- July 2020 Survey of Consumer Expectations → nyfed.org/sce
Household expectations for the unemployment rate, the risk of job loss, and the year-ahead financial situation deteriorated slightly in the July 2020 Survey of Consumer Expectations after several months of gradual improvement. Other indicators, such as expected growth in home prices and in household income, remained steady at considerably higher levels than in the March-April period, but below their pre-COVID-19 levels. Median inflation expectations increased 0.2 percentage point at the one-year and three-year horizons, to 2.9 percent and 2.7 percent, respectively, while disagreement about future inflation also increased.
- Title
- Economic Research Tracker for iPhone, iPad, & Android
- Runtime
- 1:01
- Date posted
- 6 years ago
- Description
- The Economic Research Tracker from the New York Fed curates insights and analysis from economists working at the intersection of research and policy.
Drawing on the full catalog of the Liberty Street Economics blog, as well as timely content such as the Nowcasting Report on GDP Growth and U.S. Economy in a Snapshot, this app features an easy-to-use interface that can be customized according to users’ preferences.
Daily releases include economists’ insights on a broad range of topics - such Macroeconomics, Monetary Policy, Labor Economics, and Household Finance - as well as real-time analysis of evolving economic issues such as cryptocurrency and the impacts of inequality during the Coronavirus pandemic.
Originally designed for iPhone and iPad, and newly enhanced for users on Android, the Economic Research Tracker is available to download now.
- Title
- Household Debt and Credit | Q2 2020
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- Total Household Debt Declines for the First Time Since 2014 → nyfed.org/HHDC
Total household debt decreased by $34 billion (0.2 percent) in the second quarter, according to the latest Quarterly Report on Household Debt and Credit. This marks the first decline since the second quarter of 2014 and is the largest fall since the second quarter of 2013. Reflecting the sharp decline in overall consumer spending due to the COVID-19 pandemic and related social distancing orders, credit card balances fell by $76 billion, the steepest decline in the history of the data.
- Title
- Transforming Community Development Through Arts & Culture (CD Innovation Review, 1/15/20)
- Runtime
- 14:51
- Date posted
- 6 years ago
- Description
- On Wednesday, January 15, 2020, Transforming Community Development Through Arts & Culture explored an evolving era in community development that infuses art and cultural practice.
Attendees learned how artists are working with communities and community development organizations to tackle some of the most pressing and complex issues of our time, and why arts and culture strategies are central to equitable development and racial justice.
Hosted by the New York Fed and the San Francisco Fed, in partnership with ArtPlace America and PolicyLink, the event highlighted stories, ideas, and provocations from the latest Community Development Innovation Review journal, Transforming Community Development Through Arts and Culture.
- Title
- Heterogeneity Research Series III | Credit Market Outcomes (Full Event, 7/8/20)
- Runtime
- 46:43
- Date posted
- 6 years ago
- Description
- On July 8, 2020, New York Fed economists launched the third installment of the Heterogeneity Research Series, which focuses on Credit Market Outcomes → nyfed.org/heterogeneity
- Title
- Economic Inequality Policy Series: COVID 19’s Impact on Housing (Full Event, 6/25/20)
- Runtime
- 1:05:00
- Date posted
- 6 years ago
- Description
- The Federal Reserve Bank of New York, in collaboration with the Urban Institute and NYU Furman Center, hosted its second event in a series of discussions on economic inequality on June 25, 2020.
The event, entitled “Economic Inequality Policy Series: An Update from the Experts on COVID-19’s Impact on Housing,” highlighted current research on the housing market and included conversations with researchers and policy-influencers on the impact of the COVID-19 pandemic on homeowners and renters. The forum also addressed the impact of the COVID-19 crisis on housing security, wealth building and models for an equitable recovery.
- Title
- Healthy Communities Conference Series (Welcome Remarks, 12/06/19)
- Runtime
- 11:54
- Date posted
- 6 years ago
- Description
- On December 6, the New York Fed, in partnership with Comunilife, NYC Health + Hospitals and the Robert Wood Johnson Foundation, held the first event in its Healthy Communities conference series. Titled, "New Sources of Place-based Capital to Improve the Upstream Social Determinants of Health," the event explored the relationship between health and community development strategies.
The event included a series of panels examining the intersection between health outcomes and other policy areas, such as housing and community development finance, as well as the role diverse stakeholders can play in promoting healthy communities. It also offered a closer look at the cross-sector strategies being implemented in the New York City area.
The event brought together leaders from across the non-profit, community development, housing and health sectors, including:
Rosa Gil, Founder, President and CEO, Comunilife, Inc. and Deputy Chair, Board of Directors, Feder...
- Title
- Healthy Communities Conference Series (Panel 1, 12/06/19)
- Runtime
- 27:39
- Date posted
- 6 years ago
- Description
- On December 6, the New York Fed, in partnership with Comunilife, NYC Health + Hospitals and the Robert Wood Johnson Foundation, held the first event in its Healthy Communities conference series. Titled, "New Sources of Place-based Capital to Improve the Upstream Social Determinants of Health," the event explored the relationship between health and community development strategies.
The event included a series of panels examining the intersection between health outcomes and other policy areas, such as housing and community development finance, as well as the role diverse stakeholders can play in promoting healthy communities. It also offered a closer look at the cross-sector strategies being implemented in the New York City area.
The event brought together leaders from across the non-profit, community development, housing and health sectors, including:
Rosa Gil, Founder, President and CEO, Comunilife, Inc. and Deputy Chair, Board of Directors, Feder...
- Title
- Healthy Communities Conference Series (Panel 2, 12/06/19)
- Runtime
- 44:26
- Date posted
- 6 years ago
- Description
- On December 6, the New York Fed, in partnership with Comunilife, NYC Health + Hospitals and the Robert Wood Johnson Foundation, held the first event in its Healthy Communities conference series. Titled, "New Sources of Place-based Capital to Improve the Upstream Social Determinants of Health," the event explored the relationship between health and community development strategies.
The event included a series of panels examining the intersection between health outcomes and other policy areas, such as housing and community development finance, as well as the role diverse stakeholders can play in promoting healthy communities. It also offered a closer look at the cross-sector strategies being implemented in the New York City area.
The event brought together leaders from across the non-profit, community development, housing and health sectors, including:
Rosa Gil, Founder, President and CEO, Comunilife, Inc. and Deputy Chair, Board of Directors, Feder...
- Title
- Healthy Communities Conference Series (Panel 3, 12/06/19)
- Runtime
- 1:03:32
- Date posted
- 6 years ago
- Description
- On December 6, the New York Fed, in partnership with Comunilife, NYC Health + Hospitals and the Robert Wood Johnson Foundation, held the first event in its Healthy Communities conference series. Titled, "New Sources of Place-based Capital to Improve the Upstream Social Determinants of Health," the event explored the relationship between health and community development strategies.
The event included a series of panels examining the intersection between health outcomes and other policy areas, such as housing and community development finance, as well as the role diverse stakeholders can play in promoting healthy communities. It also offered a closer look at the cross-sector strategies being implemented in the New York City area.
The event brought together leaders from across the non-profit, community development, housing and health sectors, including:
Rosa Gil, Founder, President and CEO, Comunilife, Inc. and Deputy Chair, Board of Directors, Feder...
- Title
- Healthy Communities Conference Series (Closing Conversation, 12/06/19)
- Runtime
- 18:34
- Date posted
- 6 years ago
- Description
- On December 6, the New York Fed, in partnership with Comunilife, NYC Health + Hospitals and the Robert Wood Johnson Foundation, held the first event in its Healthy Communities conference series. Titled, "New Sources of Place-based Capital to Improve the Upstream Social Determinants of Health," the event explored the relationship between health and community development strategies.
The event included a series of panels examining the intersection between health outcomes and other policy areas, such as housing and community development finance, as well as the role diverse stakeholders can play in promoting healthy communities. It also offered a closer look at the cross-sector strategies being implemented in the New York City area.
The event brought together leaders from across the non-profit, community development, housing and health sectors, including:
Rosa Gil, Founder, President and CEO, Comunilife, Inc. and Deputy Chair, Board of Directors, Feder...
- Title
- Healthy Communities Conference Series (Wrap Up & Next Steps, 12/06/19)
- Runtime
- 13:06
- Date posted
- 6 years ago
- Description
- On December 6, the New York Fed, in partnership with Comunilife, NYC Health + Hospitals and the Robert Wood Johnson Foundation, held the first event in its Healthy Communities conference series. Titled, "New Sources of Place-based Capital to Improve the Upstream Social Determinants of Health," the event explored the relationship between health and community development strategies.
The event included a series of panels examining the intersection between health outcomes and other policy areas, such as housing and community development finance, as well as the role diverse stakeholders can play in promoting healthy communities. It also offered a closer look at the cross-sector strategies being implemented in the New York City area.
The event brought together leaders from across the non-profit, community development, housing and health sectors, including:
Rosa Gil, Founder, President and CEO, Comunilife, Inc. and Deputy Chair, Board of Directors, Feder...
