Federal Reserve Bank of New York
Well being Across America (How Data Informs & Leads to Community Action, 12/17/19)
- Title
- Well being Across America (How Data Informs & Leads to Community Action, 12/17/19)
- Runtime
- 1:00:33
- Date posted
- 6 years ago
- Description
- On December 17, the New York Fed held an event to examine the latest community credit data analysis and explore how other data tools shed light on existing inequalities across communities in America.
The event explored how policy-influencers and practitioners are utilizing data to tackle some of the greatest inequalities our communities are facing, and how evidence-based data increases greater understanding of well-being of communities.
The discussion highlighted community indicators, community data tools, and examples of how data is informing decision making and policy action in communities.
Free copies of the New York Fed's latest community credit report, Unequal Access to Credit: The Hidden Impact of Credit Constraints, were provided.
- Title
- Well being Across America More Unequal, More Insecure (Welcome Remarks, 12/17/19)
- Runtime
- 2:48
- Date posted
- 6 years ago
- Description
- On December 17, the New York Fed held an event to examine the latest community credit data analysis and explore how other data tools shed light on existing inequalities across communities in America.
The event explored how policy-influencers and practitioners are utilizing data to tackle some of the greatest inequalities our communities are facing, and how evidence-based data increases greater understanding of well-being of communities.
The discussion highlighted community indicators, community data tools, and examples of how data is informing decision making and policy action in communities.
Free copies of the New York Fed's latest community credit report, Unequal Access to Credit: The Hidden Impact of Credit Constraints, were provided.
- Title
- Well-being Across America (Well-being Across America, 12/17/19)
- Runtime
- 19:43
- Date posted
- 6 years ago
- Description
- On December 17, the New York Fed held an event to examine the latest community credit data analysis and explore how other data tools shed light on existing inequalities across communities in America.
The event explored how policy-influencers and practitioners are utilizing data to tackle some of the greatest inequalities our communities are facing, and how evidence-based data increases greater understanding of well-being of communities.
The discussion highlighted community indicators, community data tools, and examples of how data is informing decision making and policy action in communities.
Free copies of the New York Fed's latest community credit report, Unequal Access to Credit: The Hidden Impact of Credit Constraints, were provided.
- Title
- Well being Across America | Overview of Community Credit (12/17/19)
- Runtime
- 6:35
- Date posted
- 6 years ago
- Description
- On December 17, the New York Fed held an event to examine the latest community credit data analysis and explore how other data tools shed light on existing inequalities across communities in America.
The event explored how policy-influencers and practitioners are utilizing data to tackle some of the greatest inequalities our communities are facing, and how evidence-based data increases greater understanding of well-being of communities.
The discussion highlighted community indicators, community data tools, and examples of how data is informing decision making and policy action in communities.
Free copies of the New York Fed's latest community credit report, Unequal Access to Credit: The Hidden Impact of Credit Constraints, were provided.
- Title
- Transforming Community Development Through Arts & Culture (Shifting Mindsets, 1/15/20)
- Runtime
- 52:47
- 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
- Transforming Community Development Through Arts & Culture (Shifting Practice, 1/15/20)
- Runtime
- 1:01:23
- 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
- Transforming Community Development Through Arts & Culture (Artist Vignette, 1/15/20)
- Runtime
- 23:55
- 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
- Transforming Community Development Through Arts & Culture (Placemaking at New York Fed, 1/15/20)
- Runtime
- 3:01
- 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
- Transforming Community Development Through Arts & Culture (Closing Remarks, 1/15/20)
- Runtime
- 9:54
- 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
- Transforming Community Development Through Arts & Culture (Welcome Remarks, 1/15/20)
- Runtime
- 3:24
- 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
- Transforming Community Development Through Arts & Culture (Recap, 1/15/20)
- Runtime
- 3:45
- 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
- Transforming Community Development Through Arts & Culture (Full Event, 1/15/20)
- Runtime
- 2:49:37
- 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
- Investment Connection Puerto Rico (Welcome Remarks, 1/28/20)
- Runtime
- 2:06
- Date posted
- 6 years ago
- Description
- Investment Connection matches financial institutions and other capital providers ("funders") with nonprofit and community development organizations ("applicants") whose needs may qualify for credit under the Community Reinvestment Act (CRA). The program's aims are to boost investments in low- and moderate-income communities and encourage partnerships between funders and local stakeholders.
These connections help funders better understand the needs of low- and moderate-income communities and build relationships with members of the nonprofit community. In addition, Investment Connection educates applicants on the CRA and community development.
Pitch Program: January, 2020
Organizations with accepted proposals had the opportunity to present their proposal pitches to funders, including banks, philanthropic organizations, and impact investors, at the Investment Connection Pitch Event on January 27-28, 2020, in San Juan Puerto Rico. Over two days, leaders of e...
- Title
- Economic Inequality A Policy Series (Panel 2, 1/30/20)
- Runtime
- 1:06:32
- Date posted
- 6 years ago
- Description
- On January 30, the New York Fed hosted a discussion on inequality in communities across the United States. Federal Reserve Bank of New York economists shared their research on various inequalities we observe around us, including those related to income, education, health, and other outcomes. Policy influencers and practitioners discussed the impacts of economic inequality in households and communities. The event highlighted the recent blog series, community data tools and how these trends are informing decision making and policy action in communities.
- Title
- Economic Inequality A Policy Series (Panel 1, 1/30/20)
- Runtime
- 1:01:58
- Date posted
- 6 years ago
- Description
- On January 30, the New York Fed hosted a discussion on inequality in communities across the United States. Federal Reserve Bank of New York economists shared their research on various inequalities we observe around us, including those related to income, education, health, and other outcomes. Policy influencers and practitioners discussed the impacts of economic inequality in households and communities. The event highlighted the recent blog series, community data tools and how these trends are informing decision making and policy action in communities.
- Title
- Economic Inequality A Policy Series (Welcome Remarks, 1/30/20)
- Runtime
- 8:03
- Date posted
- 6 years ago
- Description
- On January 30, the New York Fed hosted a discussion on inequality in communities across the United States. Federal Reserve Bank of New York economists shared their research on various inequalities we observe around us, including those related to income, education, health, and other outcomes. Policy influencers and practitioners discussed the impacts of economic inequality in households and communities. The event highlighted the recent blog series, community data tools and how these trends are informing decision making and policy action in communities.
- Title
- Registration Teaser: The Fed and Main Street During the Coronavirus Pandemic (4/23/20)
- Runtime
- 0:37
- Date posted
- 6 years ago
- Description
- The impact of COVID-19 on communities has spotlighted pre-existing financial and economic disparities faced by low-income communities, particularly communities of color.
The Federal Reserve Bank of New York convened a dialogue with community leaders via WebEx on Thursday, April 23 to discuss:
- How the Coronavirus pandemic has disproportionally affected low-income communities and people of color;
- The current and imminent funding gaps for some underserved segments of the population; and
- The critical role that Community Development Financial Institutions (CDFIs) and other socially responsible capital providers can play to support an equitable economic recovery.
The forum also addressed how the Federal Reserve has responded to the economic consequences of the pandemic.
- Title
- Registration Teaser: The Immigrant Experience during COVID 19 (6/11/20)
- Runtime
- 0:36
- Date posted
- 6 years ago
- Description
- Immigrant workers make up a significant portion of essential infrastructure workers yet they have limited access to resources, including healthcare, housing, economic assistance, and business support that could help mitigate the heightened health and financial risks of the pandemic.
The Federal Reserve Bank of New York convened a webinar on 6/11/20 with key advocates and community organizations to highlight:
- The experiences and challenges of immigrant populations during the pandemic
- How local municipalities, grassroots organizations, immigrants' home countries and the private sector are working to tailor solutions to address financial and economic disparities
- The pandemic's effects on immigrant families' financial wellness and the flow of remittances across borders
This event was the third installment of the Federal Reserve Bank of New York’s Fed and Main Street series, which convenes business, community development, nonprofit, and p...
- Title
- Youth Poverty in Puerto Rico & The U S Virgin Islands (Panel Discussion, 2/13/20)
- Runtime
- 1:12:51
- Date posted
- 6 years ago
- Description
- On February 13, the New York Fed, in partnership with the Instituto del Desarrollo de la Juventud and Family Promise, hosted "Youth Poverty in Puerto Rico and the U.S. Virgin Islands: Updates and Policy Recommendations," which explored the economic costs and consequences of high rates of child poverty as well as options that can lead to a reduction in child poverty.
The event included a panel discussion examining the intersection between child poverty and other policy areas, including tax incentives, economic and workforce programs, and human capital development. The discussion also included the national impacts of child poverty on health and long-term consequences.
The event brought together leaders from across the non-profit, community development and health sectors, including Claas Ehlers, Chief Executive Officer, Family Promise; María Enchautegui, Research Director, Instituto del Desarrollo de la Juventud; Dr. Irwin Redlener, Clinical Professor, Health Po...
- Title
- Youth Poverty in Puerto Rico & The U S Virgin Islands (Welcome Remarks, 2/13/20)
- Runtime
- 7:13
- Date posted
- 6 years ago
- Description
- On February 13, the New York Fed, in partnership with the Instituto del Desarrollo de la Juventud and Family Promise, hosted "Youth Poverty in Puerto Rico and the U.S. Virgin Islands: Updates and Policy Recommendations," which explored the economic costs and consequences of high rates of child poverty as well as options that can lead to a reduction in child poverty.
The event included a panel discussion examining the intersection between child poverty and other policy areas, including tax incentives, economic and workforce programs, and human capital development. The discussion also included the national impacts of child poverty on health and long-term consequences.
The event brought together leaders from across the non-profit, community development and health sectors, including Claas Ehlers, Chief Executive Officer, Family Promise; María Enchautegui, Research Director, Instituto del Desarrollo de la Juventud; Dr. Irwin Redlener, Clinical Professor, Health Po...
- Title
- The Fed and Main Street During the Coronavirus Pandemic (Full Event, 4/23/20)
- Runtime
- 1:08:41
- Date posted
- 6 years ago
- Description
- The impact of COVID-19 on communities has spotlighted pre-existing financial and economic disparities faced by low-income communities, particularly communities of color.
The Federal Reserve Bank of New York convened a dialogue with community leaders via WebEx on Thursday, April 23 to discuss:
- How the Coronavirus pandemic has disproportionally affected low-income communities and people of color;
- The current and imminent funding gaps for some underserved segments of the population; and
- The critical role that Community Development Financial Institutions (CDFIs) and other socially responsible capital providers can play to support an equitable economic recovery.
The forum also addressed how the Federal Reserve has responded to the economic consequences of the pandemic.
- Title
- Municipal Liquidity Facility Drop-In Discussion (Full Event Audio, 4/30/20)
- Runtime
- 55:15
- Date posted
- 6 years ago
- Description
- For more information on the Municipal Liquidity Facility → nyfed.org/mlf.
- Title
- Too Important to Fail: Minority-Owned Businesses during COVID-19 (Full Event Audio, 5/27/20)
- Runtime
- 46:37
- Date posted
- 6 years ago
- Description
- On Wednesday, May 27, the Federal Reserve Bank of New York hosted a virtual forum on the COVID-19 pandemic's impact on small businesses and how community stakeholders and capital providers can support these firms.
The event was the second installment of the Federal Reserve Bank of New York's Fed and Main Street series, which convenes business, community development, nonprofit, and policy leaders to discuss the effects of the COVID-19 crisis and efforts to support the recovery. The latest event examined the challenges facing small businesses, including hurdles in accessing relief and assistance programs. The conversation also examined the disparate impact of these challenges on entrepreneurs and communities of color, as well as the role that non-traditional lenders and policymakers can play in broadening access to capital.
The event featured a panel discussion, moderated by Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development...
- Title
- The Immigrant Experience during COVID 19 (Full Event, 6/11/20)
- Runtime
- 1:43:51
- Date posted
- 6 years ago
- Description
- Immigrant workers make up a significant portion of essential infrastructure workers yet they have limited access to resources, including healthcare, housing, economic assistance, and business support that could help mitigate the heightened health and financial risks of the pandemic.
The Federal Reserve Bank of New York convened a webinar on 6/11/20 with key advocates and community organizations to highlight:
- The experiences and challenges of immigrant populations during the pandemic
- How local municipalities, grassroots organizations, immigrants' home countries and the private sector are working to tailor solutions to address financial and economic disparities
- The pandemic's effects on immigrant families' financial wellness and the flow of remittances across borders
This event was the third installment of the Federal Reserve Bank of New York’s Fed and Main Street series, which convenes business, community development, nonprofit, and p...
- Title
- National Survey Now Open for CDFIs
- Runtime
- 0:47
- Date posted
- 6 years ago
- Description
- The Fed's national survey is now open for Community Development Financial Institutions (CDFIs) on the impacts of the Coronavirus pandemic and their response → nyfed.org/CDFI-survey (Spanish-language version → nyfed.org/CDFI-survey-esp).
During this time of extreme economic shock, CDFIs have been at the forefront of the response, finding ways to deliver capital to underserved communities who are taking the brunt of the pandemic's impact.
Real-time data on CDFIs and their work during the pandemic is needed to help inform policy and research.
From July 20 to July 31, the Federal Reserve is asking CDFIs nationwide to participate in a survey on the impact of COVID-19 on their organizations, clients, and communities - and the ways in which they've responded.
Complete the survey at nyfed.org/CDFI-survey.
For Spanish-language version → nyfed.org/CDFI-survey-esp.
- Title
- The New York Fed's Weekly Economic Index, Newly Enhanced
- Runtime
- 0:59
- Date posted
- 6 years ago
- Description
- In response to the coronavirus pandemic, the New York Fed released its Weekly Economic Index to provide timely information on the state of the U.S. economy → nyfed.org/wei
Newly enhanced to drive a deeper understanding through data visualization, this resource will now offer users even greater insights.
Traditional economic indicators, such as GDP growth, are typically available only after a considerable lag, which can pose challenges when assessing rapidly evolving conditions triggered by a sudden event.
To address this issue, the Weekly Economic Index leverages a range of metrics to offer a “real-time” gauge of U.S. economic activity, such as unemployment insurance claims, tax withholdings, steel production, fuel sales, and more.
Updates are published every Tuesday and Thursday.
For more information, visit nyfed.org/wei.
- Title
- Activity in the region’s service sector held fairly steady
- Runtime
- 0:33
- Date posted
- 6 years ago
- Description
- July 2020 Business Leaders Survey → nyfed.org/BLS
The survey’s headline business activity index climbed thirty-eight points to -1.8. The business climate index rose seven points, but at -75.4, it indicated that the vast majority of firms still viewed the business climate as worse than normal.
Employment levels continued to decline, though at a significantly slower pace than last month, and wages held steady. Input prices increased at the same pace as in June, while selling prices continued to fall.
Capital spending declined. Firms were less optimistic about the six-month outlook than in June, and the business climate is expected to be worse than normal in the months ahead.
Download the full report and read this month's Supplemental Survey Report on Ongoing recalls despite pandemic adjustment costs at nyfed.org/BLS.
- Title
- Business activity increased in New York State
- Runtime
- 0:33
- Date posted
- 6 years ago
- Description
- July 2020 Empire State Manufacturing Survey → nyfed.org/esms
The headline general business conditions index rose to 17.2, its first positive reading since February. New orders and shipments also increased, and unfilled orders were steady. Delivery times were somewhat longer, and inventories declined. Employment levels and the average workweek were little changed. Input price increases were not much different than last month, while selling prices edged lower. Firms remained optimistic about the six-month outlook, though less so than in June.
- Title
- Earnings Growth Outlook Remains Dim
- Runtime
- 0:34
- Date posted
- 6 years ago
- Description
- June 2020 Survey of Consumer Expectations → nyfed.org/sce
Consumers responding to the June 2020 Survey of Consumer Expectations remain less optimistic about earnings growth, income growth, and job finding expectations compared to the period before the COVID-19 outbreak. But some indicators measuring the outlook for household financial conditions show considerable improvement: home price growth expectations increased and the average probability of missing a future minimum debt payment reached a new series low. Median inflation expectations decreased at both the one-year and three-year horizons.
- Title
- The Heterogeneity Research Series
- Runtime
- 1:01
- Date posted
- 6 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 analysis focuses on understanding the average effects of a given policy or program.
While such analysis is important to gauge how the economy is doing, understanding heterogeneity in outcomes—or, how outcomes differ across geographic, demographic, and socioeconomic lines—is key to grasping both the whole picture and the implications of any given policy.
The Heterogeneity Research Series from the New York Fed offers policymakers, practitioners, researchers, and the general public unique insights into topics that affect everyone's lives, in an effort to help build a more equitable economy for all.
For more information, visit nyfed.org/heterogeneity.
- Title
- The Term Asset-Backed Loan Facility, Explained
- Runtime
- 3:35
- Date posted
- 6 years ago
- Description
- The Term Asset-Backed Loan Facility, Explained → nyfed.org/talf.
Every day, households and businesses rely on loans to make crucial purchases and fund their operations. From buying the new family car to paying employees’ salaries, reliable access to credit plays a critical role.
But how are these loans actually financed? What happens if the process of financing credit breaks down due to unforeseen events? And, if the process breaks down, how does a Federal Reserve program known as the TALF play a role in meeting the daily credit needs of households and businesses?
In the United States, a large portion of consumer and business loans are financed by investors through a chain of interrelationships.
Suppose you want to buy a car, and plan to take out a loan to finance it. You go to your preferred car dealer, find the car that you want, and apply for a loan from the financing company of the car dealer.
The financing comp...
- Title
- Registration Teaser: COVID-19's Impact on Housing (6/25/20)
- Runtime
- 0:32
- 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
- Activity in the region’s service sector continued to decline significantly
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- June 2020 Business Leaders Survey → nyfed.org/BLS
The survey’s headline business activity index climbed thirty-six points to -40.0. The business climate index rose eleven points, but at -82.3, indicated that the vast majority of firms still viewed the business climate as worse than normal. Employment levels and wages continued to decline, though not as much as last month. Input price increases picked up, while selling prices continued to fall. Capital spending continued to decline significantly. Looking ahead, for the first time since the pandemic began, firms expected conditions to be better in the coming months.
- Title
- Business activity steadied in New York State
- Runtime
- 0:31
- Date posted
- 6 years ago
- Description
- June 2020 Empire State Manufacturing Survey → nyfed.org/esms
After breaching record lows in April and May, the headline general business conditions index climbed forty-eight points to -0.2. New orders were unchanged from last month and shipments inched higher. Delivery times and inventories were little changed. Employment levels edged slightly lower and the average workweek continued to decline. Input price increases picked up, and selling prices stabilized. Firms were notably more optimistic that conditions would be better in six months, with the index for future business conditions rising to its highest level in more than a decade.
- Title
- Consumer Expectations Improve Slightly in May
- Runtime
- 0:33
- Date posted
- 6 years ago
- Description
- The May 2020 Survey of Consumer Expectations → nyfed.org/sce
The May 2020 Survey of Consumer Expectations shows small signs of improvement in households’ expectations compared to April. Median inflation expectations increased by 0.4 percentage point at the one-year horizon to 3.0 percent, and were unchanged at the three-year horizon at 2.6 percent. Expectations about the labor market improved slightly.
- Title
- Too Important to Fail: Minority-Owned Businesses... (Full Webinar)
- Runtime
- 46:37
- Date posted
- 6 years ago
- Description
- Listen to the full webinar: "Too Important to Fail: Minority-Owned Businesses Navigating COVID-19 and Beyond," and learn more → nyfed.org/may27event
On Wednesday, May 27, the Federal Reserve Bank of New York hosted a virtual forum on the COVID-19 pandemic's impact on small businesses and how community stakeholders and capital providers can support these firms.
The event was the second installment of the Federal Reserve Bank of New York's Fed and Main Street series, which convenes business, community development, nonprofit, and policy leaders to discuss the effects of the COVID-19 crisis and efforts to support the recovery.
The event examined the challenges facing small businesses, including hurdles in accessing relief and assistance programs. The conversation also put a spotlight on the disparate impact of these challenges on entrepreneurs and communities of color, as well as the role that non-traditional lenders and policymakers can play in br...
- Title
- Register Now: "The Immigrant Experience during COVID 19" (WebEx Event, 6/11/20)
- Runtime
- 0:31
- Date posted
- 6 years ago
- Description
- Register now for the third event in our Fed and Main Street event series, "The Immigrant Experience during COVID 19" → nyfed.org/june11event
This Thursday, June 11, event is the third installment of the Federal Reserve Bank of New York's Fed and Main Street series, which convenes business, community development, nonprofit, and policy leaders to discuss the effects of the COVID-19 crisis and efforts to support the recovery. The latest event will examine the challenges facing the immigrant community.
Immigrant workers make up a significant portion of essential infrastructure workers yet they have limited access to resources, including healthcare, housing, economic assistance, and business support that could help mitigate the heightened health and financial risks of the pandemic.
The Federal Reserve Bank of New York invites you to participate in a webinar with key advocates and community organizations to highlight:
- The experiences and chal...
- Title
- Central Bank Swap Arrangements, Explained
- Runtime
- 2:47
- Date posted
- 6 years ago
- Description
- Central Bank Liquidity Swap Lines are among several facilities established by the Federal Reserve to support the economy during the Coronavirus Pandemic. They were first used during the 2008 financial crisis, and were recently enhanced and expanded to a larger set of countries → nyfed.org/swap-lines
But what are swap lines? How do they function? And why are these liquidity arrangements with foreign central banks important to households and businesses in the United States?
In today’s global economy, bank funding markets extend across borders, and developments in any one area can have a far reaching impact. When these funding markets break down, the provision of credit to businesses and households in the United States and other countries can be disrupted.
As our nation’s central bank, it’s the Federal Reserve’s responsibility to do what it can to support the functioning of U.S. dollar funding markets, both at home and abroad, to shield t...
- Title
- Register Now: "Too Important to Fail: Minority-Owned Businesses..." (WebEx Event, 5/27/20)
- Runtime
- 0:38
- Date posted
- 6 years ago
- Description
- Register now for the second event in our Fed and Main Street event series, "Too Important to Fail: Minority-Owned Businesses Navigating COVID-19 and Beyond" → nyfed.org/may27event
On Wednesday, May 27, the Federal Reserve Bank of New York will host a virtual forum on the COVID-19 pandemic's impact on small businesses and how community stakeholders and capital providers can support these firms.
The event is the second installment of the Federal Reserve Bank of New York's Fed and Main Street series, which convenes business, community development, nonprofit, and policy leaders to discuss the effects of the COVID-19 crisis and efforts to support the recovery. The latest event will examine the challenges facing small businesses, including hurdles in accessing relief and assistance programs. The conversation will also spotlight the disparate impact of these challenges on entrepreneurs and communities of color, as well as the role that non-traditional lenders and p...
- Title
- Activity in the region’s service sector continued to decline sharply
- Runtime
- 0:31
- Date posted
- 6 years ago
- Description
- May 2020 Business Leaders Survey → nyfed.org/BLS
At -75.8, the survey’s headline business activity index was little changed from last month’s record low. The business climate index was also little changed, at -92.9, indicating that for a second consecutive month, firms were nearly universal in regarding the business climate as worse than normal. Employment levels and wages continued to decline. Input price increases remained modest, while selling prices continued to fall. Capital spending declined significantly. Looking ahead, firms were generally pessimistic about the six-month outlook, though much less so than in April.
- Title
- Business activity continued to deteriorate significantly in New York State
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- May 2020 Empire State Manufacturing Survey → nyfed.org/esms
The headline general business conditions index climbed thirty points, but remained well below zero at -48.5. New orders and shipments continued to decline sharply, though not as steeply as in April. Delivery times were slightly shorter, and inventories were slightly lower. After plunging last month, employment levels and the average workweek fell further in May. Input prices were slightly higher, and selling prices continued to decline modestly. While current conditions remained extremely weak, firms grew more optimistic that conditions would be better six months from now.
- Title
- Transforming Community Development through Arts & Culture
- Runtime
- 3:47
- Date posted
- 6 years ago
- Description
- On Wednesday, January 15, 2020, the New York Fed hosted Transforming Community Development through Arts & Culture → nyfed.org/arts-culture
Watch highlights from the event here, which 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.
- Title
- Consumer Expectations Deteriorate for Second Consecutive Month
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- The April 2020 Survey of Consumer Expectations → nyfed.org/sce
The April 2020 Survey of Consumer Expectations shows a considerable deterioration in households’ expectations about most economic outcomes. Median inflation expectations increased in April by 0.1 percentage point at the one-year horizon to 2.6 percent and by 0.2 percentage point at the three-year horizon to 2.6 percent. Respondents, however, increasingly disagree about the future path of inflation.
- Title
- SCE Household Spending | April 2020
- Runtime
- 0:32
- Date posted
- 6 years ago
- Description
- Findings from the April SCE Household Spending Survey → https://nyfed.org/SCEhousehold
The median year-over-year increase in monthly household spending declined to 1.0 percent in April 2020. Although the decline in the spending growth was broad-based across age, education, and income groups, it was largest for the higher-income (above $100,000) and younger (below age 40) respondents.
The share of respondents who reported making at least one large purchase over the past four months dropped to 50.7 percent in April 2020, a 9.1 percentage point decline from April 2019. Amid the COVID-19 outbreak, the largest decline was in spending on vacations/trips, with only 12.5 percent of respondents reporting such spending over the past four months.
The median expected growth in non-essential spending dropped to 0.2 percent in April, from 1.4 percent (1.6 percent) in December (April) 2019, respectively.
- Title
- The Primary Dealer Credit Facility, Explained
- Runtime
- 3:28
- Date posted
- 6 years ago
- Description
- The Primary Dealer Credit Facility, or PDCF, is one of several facilities established by the Federal Reserve to support the economy through the Coronavirus Pandemic → nyfed.org/pdcf.
But what is a primary dealer? How do primary dealers and the New York Fed typically interact to support the credit needs of households and businesses and the overall economy? And how does the Primary Dealer Credit Facility actually work?
The term primary dealer refers to a bank or broker-dealer that acts as a trading counterparty to the New York Fed. To be a primary dealer, the bank or broker-dealer must meet certain criteria and expectations – including the ability to act as intermediaries in certain markets. Currently, there are over 20 primary dealers.
Primary dealers are expected to participate in all auctions of U.S. government debt. Primary dealers also support the implementation of monetary policy in two key ways: consistently participating in open market o...
- Title
- Household Debt and Credit | Q1 2020
- Runtime
- 0:31
- Date posted
- 6 years ago
- Description
- Pre-COVID-19 Data Shows Total Household Debt Increased in Q1 2020, Though Growth in Non-Housing Debt Slows → nyfed.org/HHDC
New extensions of credit fall slightly from previous quarter while credit standards tighten.
The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $155 billion (1.1%) to $14.30 trillion in the first quarter of 2020. The total balance is now $1.6 trillion higher, in nominal terms, than the previous peak of $12.68 trillion in the third quarter of 2008. The Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data.
- Title
- The Flow of Money | Lesson Plans for Educators
- Runtime
- 1:33
- Date posted
- 6 years ago
- Description
- President John Williams introduces lesson plans for educators and students to better understand the Fed's response to the Coronavirus pandemic → nyfed.org/content-for-educators
Educators are encouraged to use these materials and links to support remote learning and keep current on the Federal Reserve System and New York Fed's recent actions to support the economy and financial stability. This will be updated to connect educators with relevant lesson plans and resources as they become available.
- Title
- Introducing the Weekly Economic Index
- Runtime
- 0:50
- Date posted
- 6 years ago
- Description
- In response to the coronavirus pandemic, the New York Fed is releasing its new Weekly Economic Index to provide timely information on the state of the U.S. economy → nyfed.org/wei
Traditional economic indicators, such as GDP growth, are typically available only after a considerable lag, which can pose challenges when assessing rapidly evolving conditions triggered by a sudden event.
To address this issue, the Weekly Economic Index leverages a range of metrics to offer a “real-time” gauge of U.S. economic activity, such as unemployment insurance claims, tax withholdings, steel production, fuel sales, and more.
Updates are published every Tuesday and Thursday.
- Title
- Activity in the region's service sector plunged
- Runtime
- 0:31
- Date posted
- 6 years ago
- Description
- April 2020 Business Leaders Survey → nyfed.org/BLS
The survey’s headline business activity index plummeted sixty-three points to -76.5, well below its prior record low reached during the Great Recession. The business climate index tumbled sixty-five points to -94.3, indicating that firms almost universally regarded the business climate as worse than normal.
Employment levels fell sharply, and wages declined for the first time in the survey’s history. Input price increases slowed considerably, and selling prices declined. Capital spending fell. Looking ahead, firms were pessimistic about the future outlook, with the vast majority expecting conditions to be worse in six months.
- Title
- TheNewYorkFed Live Stream
- Runtime
- 0:00
- Date posted
- 6 years ago
- Description
