ECONOMY
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Will Peak Demand Roil Global Oil Markets?
Matthew Higgins and Thomas Klitgaard “Peak oil”—the notion that the depletion of accessible petroleum deposits would soon lead to declining…
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Recent Shifts Seen in Consumers’ Public Policy Expectations
Joseph Delehanty, Gizem Kosar, and Wilbert van der Klaauw In this post we examine changes in households’ beliefs following the…
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Monetary Policy Spillovers and the Role of the Dollar
Sushant Acharya, Ozge Akinci, Silvia Miranda-Agrippino, and Paolo A. Pesenti In the literature on monetary policy spillovers considered in the…
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Credit Score Impacts from Past Due Student Loan Payments
Daniel Mangrum and Crystal Wang In our companion post, we highlighted how the pandemic and subsequent policy actions disrupted trends…
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Why Are Credit Card Rates So High?
Itamar Drechsler, Hyeyoon Jung, Weiyu Peng, Dominik Supera, and Guanyu Zhou Credit cards play a crucial role in U.S. consumer…
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An Interoperability Framework for Payment Systems
Jon Durfee, Michael Junho Lee, and Joseph Torregrossa Novel payment systems based on blockchain networks promise to redesign financial architecture,…
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Interoperability of Blockchain Systems and the Future of Payments
Jon Durfee, Michael Junho Lee, Joseph Torregrossa, and Sarah Yu Wang In a previous post, we introduced a three-pillar framework for interoperability…
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The New York Fed DSGE Model Forecast—March 2025
Marco Del Negro, Ibrahima Diagne, Pranay Gundam, Donggyu Lee, and Brian Pacula This post presents an update of the economic…
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U.S. Imports from China Have Fallen by Less Than U.S. Data Indicate
Hunter L. Clark With new tariffs on China back in the headlines, this post seeks to offer some perspective on…
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Global Trends in U.S. Inflation Dynamics
Ozge Akinci, Martin Almuzara, Silvia Miranda-Agrippino, Ramya Nallamotu, Argia Sbordone, Greg Simitian, and William Zeng A key feature of the…
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