ECONOMY

Navigating Geoeconomic Risk in the U.S. Stock Market

Matteo Crosignani, Lina Han, and Marco Macchiavelli Geoeconomic risk—the risk that firms incur valuation losses when countries deploy economic, trade,…

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Follow the Cash! Microstructure of Repo Markets

Gara Afonso, Jun-Davinci Choi, Gonzalo Cisternas, and Will Riordan The repo market in the U.S. is a mosaic of segments…

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Businesses Are Using AI to Transform Work, Not Cut Jobs

Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Nick Montalbano The ongoing advancement and adoption of artificial intelligence continues to…

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Treasury Trading at the Close

Henry Dyer, Michael J. Fleming, and Or Shachar In past work, we showed that trading in U.S. Treasury securities is…

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The New York Fed DSGE Model Forecast—September 2026

Marco Del Negro, Keshav Dogra, Elena Elbarmi, Donggyu Lee, Michael Pham, and Elizabeth Wright This post presents an update of…

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Are Central Banks Moving Out of Dollar Assets?

Linda S. Goldberg, Oliver Hannaoui, and Sneha Parthasarathy The dollar’s share of global official foreign exchange reserves fell from 64 percent…

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Jackson Hole: Exploring the Financial Frontier

Kartik B. Athreya After two days of heady discussions with academics and policymakers from around the world in high-altitude Jackson…

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A New Dataset for Consumer Spending in the New York Fed EHIs

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy We are enhancing our set of Economic Heterogeneity Indicators (EHIs)…

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What’s Driving Rising Business Costs?

Jaison R. Abel, Richard Deitz, and Nick Montalbano After a period of moderating cost increases, businesses faced mounting cost pressures…

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Are Rising Employee Health Insurance Costs Dampening Wage Growth?

Jaison R. Abel, Richard Deitz, and Nick Montalbano Employer-sponsored health insurance represents a substantial component of total compensation paid by…

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