Federal Reserve Bank of New York

Workers Open to Lower Wage Amid Perceived Decline in Labor Market
Workers Open to Lower Wage Amid Perceived Decline in Labor Market
April 21, 2025  |  Economy

Workers are willing to accept a lower wage for a new job amid a decline in several metrics for the labor market. “The average reservation...

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US Consumers Eye Higher Costs for Food and Rent Over the Near Term
US Consumers Eye Higher Costs for Food and Rent Over the Near Term
April 14, 2025  |  Economy

United States consumers’ expectations for inflation over the next 12 months hit the highest level since we emerged from the pandemic. The priciest hikes will...

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NY Fed: Consumers Feeling Gloomier About Financial Futures
NY Fed: Consumers Feeling Gloomier About Financial Futures
March 11, 2025  |  Consumer Finance

New data shows growing financial pessimism among Americans, the latest sign of shaky consumer confidence. The February installment of the Federal Reserve Bank of New...

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Household Spending Keeps Pace; Lower-Income Groups Feel the Heat
Household Spending Keeps Pace; Lower-Income Groups Feel the Heat
January 22, 2025  |  Consumer Insights

Among the messages conveyed so far in the continuing cavalcade of earnings reports — especially from banks — is that consumer spending is buoyant, a...

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Behind the Report: How Banks and FinTechs Can Capitalize on the New Money Mobility Opportunity
Behind the Report: How Banks and FinTechs Can Capitalize on the New Money Mobility Opportunity
January 20, 2025  |  Money Mobility

The money mobility ecosystem PYMNTS detailed in its new background report “The Modern Money Mobility Ecosystem” has been the topic of several research projects over...

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Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening,...

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Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
November 13, 2024  |  Economy

New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on...

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NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
October 15, 2024  |  Consumer Finance

A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth...

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Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
August 12, 2024  |  Economy

The latest reading on consumers’ expectations about inflation — where it’s headed one year from now, three years from now, five years from now —...

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