Service sector firms in New York State and nearby areas became pessimistic about the business outlook in early October, for the first time since December 2025, the Federal Reserve Bank of New York said in its October “Business Leaders Survey.” The survey’s index for future business activity...
September gave consumers lower prices on appliances, furniture and some food categories. It also gave them a 9.1% increase in gasoline prices. The Consumer Price Index rose 0.6% in September on a seasonally adjusted basis and 3.7% from a year earlier. During the third quarter,...
Tokenized securities are demonstrating genuine investor demand for around-the-clock trading and fractional ownership, but the infrastructure needed to provide adequate liquidity, price stability and investor protections has yet to catch up, according to a new report from the International Monetary Fund. The IMF also found...
The National Football League (NFL) told the Supreme Court that the league wants local gambling regulators to oversee prediction markets, CoinBase reported Thursday (Oct. 8). The NFL submitted an amicus brief to the U.S. Supreme Court Thursday, according to the Supreme Court docket for a case in which Mary Jo Flaherty, interim director...
New research shows that the cost of many consumer goods would have declined last year if not for U.S. tariffs. The paper from the Federal Reserve Bank of New York says the cost of 67 categories of goods was 2.9 percentage points higher as of February because of the...
Consumers are entering the final months of the year less worried about losing their jobs, more worried about prices and less confident about where their household finances are headed. The Federal Reserve Bank of New York’s September Survey of Consumer Expectations, released Wednesday (Oct. 7),...
New Cox Automotive projections show used car prices dipping more than previously expected. The forecast from the automotive industry data solutions company Wednesday (Oct. 7) comes as consumers continue to exhibit declining sentiment amid high interest rates and gas prices. Cox says it has lowered the year-end outlook for...
Nonfarm payroll, employment in all major industries and the unemployment rate “changed little” in September, the Bureau of Labor Statistics (BLS) said Friday (Oct. 2) in its latest employment situation summary. Media reports characterized the numbers as a continuation of the “low hire, low fire” trend...
Go figure. Inflation picked up in August. Real disposable income didn’t move much. Consumers responded by spending substantially more. The trends are more revealing about household finances than the headline 2.2% increase in second-quarter gross domestic product. The Bureau of Economic Analysis’ third estimate released...