A look at how central banks use repos to manage liquidity in the financial system and implement monetary policy.

The authors follow the cash as it navigates through repo markets to better understand the costs and benefits that shape the existing market structures.

A look at the vital role repo markets play in the U.S. financial system, beginning with why major private-sector participants engage in repo transactions.

A look at how Treasury trading is becoming more concentrated around the designated pricing for fixed-income indexes, especially on month-end trading days.

YouTube video by TheNewYorkFed

YouTube video by TheNewYorkFed

After two days of heady discussions with academics and policymakers from around the world in high-altitude Jackson Hole, Wyoming, I’m now decompressing back at Street Level. The main theme of this year’s Kansas City Fed symposium was financial innovation in the payments space—a fast-evolving topic with major implications for consumers and central bankers alike. In this post, I’ll share some general takeaways from those Jackson Hole talks and highlight related New York Fed research on payments and financial intermediation.

A look at the fall of dollar assets in global official foreign exchange reserves and how it reflects the actions of a handful of large reserve holders.

A look at the widening of stock market participation over the past four decades and its potential implications for how the broader economy behaves.

NY Fed explores how clearing reforms, payment innovations, and blockchain technology will impact market liquidity and policy.

Affordable housing experts discuss supply challenges, financing tools like tax abatements, and partnerships to expand housing development.

A look at how monetary policy shocks impact the equity term structure of equity risk premia and dividend growth expectations.

Strategies to reduce construction costs and increase affordable housing in New York, including labor pressures and policy solutions.

A look at the implications of consumers’ credit card delinquency rising from 2022 to 2026 using data from New York Fed Consumer Credit Panel.

A look at the trading activity of Separate Trading of Registered Interest and Principal of Securities (STRIPS) using FINRA’s TRACE transactions data.

New York Fed visits Buffalo and Rochester to hear community leaders discuss housing affordability, workforce shortages, and nonprofit challenges.

A look at how Americans’ declining moving rates hold for homeowners and renters alike using data from the New York Fed’s annual SCE Housing Survey.

In this inaugural Street Level post, Research Director Kartik Athreya discusses recent work by New York Fed staff on artificial intelligence and the labor market. He examines how AI is transforming hiring practices, skill requirements across industries, and worker concerns about job availability—a topic top of mind for almost everyone in the workforce today.

New York Fed President John Williams discusses his outlook for inflation, monetary policy, and the FOMC's commitment to achieving price stability in a Reuters interview.

A look at bond investors’ knowledge about r-star, the natural real rate of return which acts as a guide for monetary policy decisions.

A look at the continued growth of stablecoins since April 2025 and how shocks from outside the crypto industry can impact stablecoins’ reserve assets.

YouTube video by TheNewYorkFed

A look at the internal capital markets reallocation that occurred after Basel III and whether it reduced the risk for nonbank subsidiaries as a whole.

A look at how bank holding companies responded if their depository subsidiaries fell short of Basel III’s binding capital minimums, effective January 2015.