The Multivariate Core Trend (MCT) model measures inflation’s persistence in the seventeen core sectors of the personal consumption expenditures (PCE) price index. The June 2024 update shows that MCT inflation decreased to 2.1 percent in June from 2.4 percent (unrevised) in May. The 68 percent probability band is (1.6, 2.6). Explore the data: https://nyfed.org/3NY8FCh
Federal Reserve Bank of New York
Financial Services
New York, NY 135,599 followers
Serving the Second District and the Nation
About us
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Some of its most critical functions include the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture. We welcome and invite engagement and discussion on our Linkedin page. In order to maintain a productive exchange of thoughts, opinions, and ideas we prohibit any comments that contain: • Defamation of an individual, group or organization • Spam: posting identical or similar posts repeatedly • Obscenity or vulgarity • Misleading or fraudulent statements and false information • A violation of another’s intellectual property rights • commercial in nature The views, opinions and experiences expressed in user-submitted comments are solely those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York. We reserve the right to remove comments, at our discretion and without notice.
- Website
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http://www.newyorkfed.org
External link for Federal Reserve Bank of New York
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, NY
- Type
- Nonprofit
- Founded
- 1914
- Specialties
- Monetary Policy, Supervision and Regulation, Financial Services, International Operations, Payment Systems, Economic Research and Statistics, Risk Management, and Information Security
Locations
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Primary
33 Liberty Street
New York, NY 10045, US
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100 Orchard Street
East Rutherford, NJ, US
Employees at Federal Reserve Bank of New York
Updates
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Veterans are an understudied group. Learning how veterans are doing economically is vital, since veterans are a significant segment of the population and important part of the fabric of our society. In this video, Rajashri Chakrabarti, head of Equitable Growth Studies, shares how outcomes of veteran men differ from those of comparable men who did not serve in the military in terms of health, housing, and labor market outcomes. Learn more: https://nyfed.org/34aDifL
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The final New York Fed Staff Nowcast for 2024:Q2 was 2.0%, with the 50% probability interval at [1.0, 3.1] and the 68% interval at [0.5, 3.6]. The advance estimate of real GDP growth for 2024:Q2, released by the Commerce Department on July 25, was 2.8%. Explore the data here: https://nyfed.org/3LbPEur
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Our employees work hand-in-hand with our summer interns, helping the students learn and grow to prepare for what’s next in their education and career journeys. “The impact of the work done here at the New York Fed has surprised me the most,” says Christian, an intern with our Data & Statistics team. “The best part truly has been meeting all the people that work here and being able to network. And it may be repeated by many, but my team moves as one and treats one another like family.” Learn more about our internship programs here: https://nyfed.org/3iMb2VO
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As the Chief Product Owner and Head of Strategy and Product Advancement for our Operations & Resiliency Group, you will lead a team that partners with senior leadership to develop business and support technology product strategies, ensuring seamless collaboration with internal stakeholders and technology partners. Responsibilities include influencing and negotiating competing priorities, developing and monitoring strategic planning activities, defining and communicating product visions, delivering on technology product roadmaps, and more. If you have demonstrated experience with agile methodologies and are passionate about building and leading high-performing teams, we encourage you to learn more and apply: https://bit.ly/3LAk6ho
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Our economists publish highly influential research and analysis. Subscribe to keep up with their articles, papers, economic indicators, and data releases subscription: https://nyfed.org/3vQjtrZ
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On our recent visit to New York’s North Country, we heard that delivering essential social services can be a major challenge due to the area’s vast geography and low population density, and that the nonprofit sector plays a critical role in addressing this issue. In today's article, the authors detail how nonprofits support low- and moderate-income communities in both small towns and larger municipalities across the North Country. https://nyfed.org/4fgkz5Y
How Nonprofits Drive Economic Activity in New York's North Country
https://tellerwindow.newyorkfed.org
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We’re looking for a strong leader to join our Operations & Resiliency Group as the Director of Business Operations. The selected candidate will manage a diverse team responsible for administrative and executive support, business continuity, communications, identity access management, people and engagement, real estate, records management, and vendor management. Responsibilities also include representing the Group on enterprise initiatives and workgroups. If you have experience in operations leadership and feel strongly about fostering an inclusive and collaborative environment, we encourage you to learn more and apply: https://bit.ly/3ScZYFN
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The New York Fed Staff Nowcast for 2024:Q2 is 2.0%, with the 50% probability interval at [1.0, 3.1] and the 68% interval at [0.5, 3.6]. The Staff Nowcast is 2.7% for 2024:Q3. Explore the data: https://nyfed.org/3LbPEur
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This week, we released a report, “Digital Equity in the U.S. Northeast, Puerto Rico, and the U.S. Virgin Islands,” mapping broadband cost, speed, and availability for those areas between 2020 and 2023. The report finds that the rural, lower income, and tribal communities in the areas studied are most affected by a lack of broadband access, with tribal lands and rural communities having the slowest download and upload speeds. Learn more and download here: https://nyfed.org/3Yg7jbP
Digital Equity in the U.S. Northeast, Puerto Rico, and the U.S. Virgin Islands
newyorkfed.org