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#New York Fed

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Fed Rate Hike Odds Plunge: Hereโ€™s Why and the Latest Update
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Fed Rate Hike Odds Plunge: Hereโ€™s Why and the Latest Update

Key Highlights: Market-implied expectations for a Federal Reserve interest-rate hike in October fell from approximately 70% to 50%. New York Fed President John Williams said there is โ€œno need to rushโ€ into another monetary policy move. Williams said inflation remains very high, while the Fed has had enough time to assess economic data since its ...

Next currency crisis may be harder to contain due to stablecoins, New York Fed report finds
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Next currency crisis may be harder to contain due to stablecoins, New York Fed report finds

A new study from the Federal Reserve Bank of New York reveals that dollar-pegged stablecoins flow more aggressively into digital wallets linked to countries undergoing currency or banking crises, highlighting a growing challenge for central banks attempting to manage capital flight. Crisis-Linked Wallets Show Higher Stablecoin Receipts Researchers Pablo Azar, Maryam Farboodi, and Nish Sinha ...