New York Federal Reserve Bank
Coverage of New York Federal Reserve Bank in the Nexus archive.
- Remote work may be locking younger workers out of labor force: NY Fed
The New York Federal Reserve Bank links rising youth unemployment since 2020 to increased remote work trends, citing census data showing a 20 percent rise in jobless rates among college graduates under 29.
- 2.6 million student loan borrowers fell into default in early 2026: New York Fed
2.6 million student loan borrowers fell into default in early 2026, according to a New York Fed blog. This marks the first time student loan defaults have appeared on consumers' credit reports since the Covid pandemic. The increase in defaults indicates a potential issue for borrowers and the economy.
- K-shaped economy is showing up at the gas pump: NY Fed
Low-income households are reducing gas consumption due to surging prices, while wealthier households remain unaffected. The NY Fed reports a K-shaped economy at gas pumps. This indicates a disparity in spending habits between different income groups.