Tag

New York Fed

All articles tagged with #new york fed

business5 days ago•17 min saved

Tariffs linger as firms roll out 'trickle-up' price hikes, fueling ongoing inflation

New York Fed findings show tariffs aren’t a one-off price shock: about 47% of service firms and 44% of manufacturers plan additional tariff-driven price increases, often using a slow, 'trickle up' pricing approach that lets costs creep to consumers over months. The policy has been revived through sections 122 and 301 after IEEPA tariffs were struck down, and Fed research links tariff costs to higher inflation (Dallas Fed: core inflation ~3.2% in March vs ~2.3% without tariffs). Projections from Tax Foundation suggest hundreds of dollars per American household in tariff-related costs this year and next, with pass-through prices typically lagging several months, meaning consumers will continue feeling price increases as tariffs persist.

via Yahoo Finance|

#business #inflation #new-york-fed

business1 month ago•3 min saved

Remote work boosts productivity but heightens mental health risks

A New York Fed study published in Science finds that while remote work often raises productivity and improves work-life balance, it also increases social isolation and the use of mental health services and psychiatric medications. Remote work has quadrupled from 7% to 28% of workers since 2019, and hours spent alone rose about 58% over roughly a decade, with those living alone experiencing even greater isolation. The findings suggest workers may underestimate the long-term mental health costs of not being in an office, despite the appeal of flexibility.

via CBS News|

#business #mental-health #new-york-fed

economy1 month ago•2 min saved

Remote work expansion blamed for surge in youth unemployment, NY Fed finds

A New York Fed study links the growth of remote work to about 64% of the rise in youth unemployment since 2019, with the jobless rate for young college grads reaching 5.6% in March 2026. The researchers warn that hiring inexperienced workers into distributed teams hampers training and feedback, potentially causing lasting career effects, even as some studies note productivity gains from remote work. Gen Z generally prefers hybrid arrangements to full remote work.

via CNBC|

#economy #labor-market #new-york-fed

economy1 month ago•314 min saved

New York Fed flags a surge in food insecurity as costs bite lower-income families

A Federal Reserve Bank of New York study updates a 2020 analysis with fresh data from its Survey of Consumer Expectations, finding a “remarkable” rise in food insecurity in early 2026—especially among lower-income households and families with young children—where 10% report not having enough food in February, up from 4% in 2020. Increases in food donations and SNAP participation, plus more households dipping into savings, accompany a shift in sentiment as Americans face higher costs and waning pandemic-era aid, highlighting persistent inequality in a K-shaped economy. The report notes the data predated the Middle East oil shock and does not claim a causal link between insecurity and consumer sentiment.

via CNN|

#consumer-sentiment #economy #food-insecurity

economy2 months ago•5 min saved

Gas Price Surge Deepens the Economy’s K-Shaped Divide

A New York Fed study finds that after the Iran war, gas prices jumped about 25% by the end of March (and ~50% since the war began). Lower-income households cut gas use but still spent 12% more on gas in March, while higher-income households increased gas spending by 19% with almost no reduction in consumption, signaling a widening K-shaped divide that could pull down broader inflation-adjusted spending.

via Los Angeles Times|

#economy #gas-prices #gas-station-spending

economy2 months ago•3 min saved

New York Fed confirms enduring K-shaped split in U.S. spending

The New York Fed finds real retail spending has diverged by income since 2023, with high-income households driving most growth thanks to asset gains while low- and middle-income groups lag; spending has recently turned negative across all groups, underscoring vulnerability to a potential market downturn.

via Axios|

#consumer-spending #economy #income-inequality

economy4 months ago•3 min saved

Hassett Abandons Call to Discipline Fed Researchers Over Tariff Paper

White House economic adviser Kevin Hassett apologized after initially demanding discipline for authors of a New York Fed study that found tariffs have burdened U.S. businesses and consumers more than the administration acknowledged, saying the Fed’s independence and academic freedom must be preserved even as he criticized the paper.

via Barron's|

#academic-freedom #economy #fed-independence

economy4 months ago•5 min saved

Kashkari pushes back on Hassett’s bid to discipline Fed researchers

Neel Kashkari, head of the Minneapolis Fed, condemned White House adviser Kevin Hassett’s suggestion that New York Fed researchers be punished, calling it an effort to undermine the Fed’s independence. He cited DOJ subpoenas related to Fed headquarters as evidence of political pressure, stressed that the Fed must decide based on data, and highlighted the value of diverse research from all 12 regional banks in informing policy.

via Politico|

#economy #fed-independence #hassett

business4 months ago•3 min saved

Trump adviser condemns tariff study, calls for discipline of Fed economists

National Economic Council director Kevin Hassett slammed a New York Fed tariff study as an embarrassment and urged those behind it to be disciplined, arguing the paper misstates who bears tariff costs as US firms and shoppers shoulder most of the burden; the clash comes as tariff litigation goes to the Supreme Court and the Fed debates how to respond to inflation amid rate policy uncertainties.

via BBC|

#business #economics #federal-reserve

business4 months ago•455 min saved

Hassett ridicules NY Fed tariffs study as flawed and partisan

National Economic Council Director Kevin Hassett slammed a New York Fed study claiming roughly 90% of Trump’s tariffs are paid by American consumers and businesses, calling the paper “the worst” Fed research and arguing its analysis seats an incomplete picture by focusing on price effects while ignoring import-volume changes and supply-chain shifts. The article notes the NY Fed team measured tariff burdens by average duty relative to imports and that Hassett’s critique comes amid broader political tension around Fed independence and leadership, including Trump’s nomination of former Fed governor Warsh for the chair role.

via CNN|

#business #federal-reserve #kevin-hassett

politics4 months ago•5 min saved

Hassett slams NY Fed tariff study, urges accountability for its authors

White House economic adviser Kevin Hassett blasted a New York Fed paper claiming Trump tariffs largely fall on U.S. firms and consumers, calling it “an embarrassment” and urging disciplinary action for its authors. The NY Fed study, echoed by other reputable research, says about 90% of the tariff burden has been borne domestically with import prices for tariffed goods rising roughly 11%, and that U.S. households paid the majority of the cost in 2025 before the share moderated later that year. The NY Fed declined to comment.

via Politico|

#federal-reserve #hassett #new-york-fed

business4 months ago•2 min saved

Trump Adviser Calls NY Fed Tariff Study Embarrassing, Urges Authors Be Disciplined

Trump economic adviser Kevin Hassett called a New York Fed tariff study "embarrassing" and urged the authors be disciplined after the research found U.S. importers bore about 90% of tariff costs, a result that contradicts the White House narrative; some economists say the findings align with standard analysis, while the NY Fed remains independent.

via Axios|

#business #importers #kevin-hassett

business5 months ago•3 min saved

New York Fed: 2025 Tariffs Burden Falls Mainly on U.S. Firms and Consumers

A NY Fed study finds tariffs enacted in 2025 raised the average tariff to 13% and that roughly 90% of the higher costs are paid by U.S. firms and consumers, as exporters kept prices steady and passed tariffs through to buyers. Other analyses (Kiel Institute, NBER) report near-100% pass-through to import prices; Tax Foundation estimates a typical household paid about $1,000 in 2025 and $1,300 in 2026, with an effective tariff rate of 9.9%—the highest since 1946—suggesting limited net benefits from the tariff policy.

via BBC|

#business #households #new-york-fed

business5 months ago•3 min saved

US Weighs Large Yen Buy as Japan Market Jitters Ripple Through Treasuries

The U.S. Treasury signaled a possible intervention in the currency market after the New York Fed asked banks about the cost of exchanging yen for dollars, a move that sent the yen up about 1.6% and underscored concerns that Japanese market turbulence could lift U.S. borrowing costs; while no intervention occurred, the step signals a rare Treasury tool under Scott Bessent as Tokyo's fiscal and BoJ policy frame the risk.

via The New York Times|

#bank-of-japan #business #currency-intervention

economy1 year ago•1 min saved

US Household Financial Optimism Peaks Despite Inflation Concerns

Optimism about household finances in the U.S. has reached its highest level since February 2020 following Donald Trump's presidential election victory, according to a New York Federal Reserve survey. The survey showed that 37.6% of households expect their financial situation to improve in the next year, while those expecting a decline dropped to 20.7%. Despite solid economic growth, inflation remains a concern, with expectations slightly rising. The outlook for government debt also improved, with expected growth in debt decreasing to 6.2%.

via CNBC|

#consumer-sentiment #donald-trump #economy