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Showing 1 - 10 of 574 results for %22Federal Reserve Bank of New York%22

Vanguard chief executive Tim Buckley to retire

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... Asia-Pacific chief investment officer. Davis is also a member of the US department of the Treasury and the Federal Reserve Bank of New York Investor Advisory Committee on Financial Markets.

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... numerous business deposits originating from the same industry (technology) and region (US West Coast). As the Federal Reserve raised interest rates and funding costs surged, many tech start-ups that relied on Silicon Valley Bank struggled to secure funding ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... Treasury will make available up to US$25 billion from the Exchange Stabilisation Fund as a backstop for the BTFP, the Federal Reserve said, though noted it does not expect it will be necessary to draw on the funds. "These actions will reduce stress across ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... crutches at the time but as Treasurer Josh Frydenberg notes: "In the December quarter, direct economic support from the federal government halved... Yet at the same time the economy grew by 3.1%, 320,000 new jobs were added and 2.1 million Australian ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... sustainable outlook for the US economy. The Biden administration has proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell assured markets that the central bank would not raise interest rates soon unless it foresees ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... 137,000. US industrial output fell to levels not seen in 70 years in March, while retail sales fell by 8.7%. The New York Federal Reserve's Empire State Index plummeted 57 points to -78.2 in April, its lowest level on record, and the NAHB housing ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... by another 25 basis points at its October FOMC meeting (with 77% probability). This is consistent with the Federal Reserve Bank of New York's calculus of the probability of a US recession one year from now, which has surged to 37.9% from just 14.5% ...

Chief economist update: US yield curve pictorial

BENJAMIN ONG  |  WEDNESDAY, 28 AUG 2019
... over the past few months. Gentle readers would know that I subscribe to the yield curve that studies by the Federal Reserve Bank of Cleveland and New York prove to be the best predictor of a looming US recession - the spread between the 10-year US bond ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... yield on 10-year US Treasuries and that of the three-month bill - considered by studies conducted by both the Federal Reserve Bank of Cleveland and New York, to be the best predictor of a looming US recession - remains negative. It had been consistently ...

Chief economist update: Prepare for lift-off

BENJAMIN ONG  |  MONDAY, 11 MAR 2019
... decade before is a perfect example. The same thing is happening now as I write. The Fed's on pause -- New York Federal Reserve president John Williams only recently declared that the fed funds rate is now at neutral - the ECB has just announced LTRO ...
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