World Trade Flows Continue Recovery in June
World trade flows rose sharply in June, aided by the boom in artificial intelligence-related investment.
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Economy desk
Mary E. Lovely on what's really going on with global supply chains
How have US tariffs affected global supply chains? Are trading patterns between countries really changing? What can we learn from the fine print of trade agreements? Are the US and China really decoupling?
Working Papers 26-15: China's economic security growth model and implications for the US-China security dilemma
Traditional conceptions of export- or domestic investment–led growth no longer appropriately capture the dynamics shaping the Chinese economy. Rather, China has adopted a model in which national security logic increasing...
Policy Briefs 26-14: The new Section 301 tariffs for forced labor are vastly excessive
The 10 to 12.5 percent tariffs the Trump administration has imposed under Section 301 of the Trade Act of 1974 are about 40 to 50 times the magnitude that could be warranted on the basis of US exports lost and US imports...
Has Broader Stock Market Participation Changed How Interest Rates Affect the Economy?
A look at the widening of stock market participation over the past four decades and its potential implications for how the broader economy behaves.
Weapons of brass destruction? Trump's tariffs target musical instruments as a national security threat
As school districts, parents, and students nationwide prepare for fall, music educators are wrangling with a sour note. On August 6, 2026, the US Commerce Department issued a request for comment this month on a proposal...
Does the Equity Term Structure Respond to Monetary Policy Shocks?
A look at how monetary policy shocks impact the equity term structure of equity risk premia and dividend growth expectations.
How Distressed Are Consumers? Reconciling Diverging Credit Card Delinquency Measures
A look at the implications of consumers’ credit card delinquency rising from 2022 to 2026 using data from New York Fed Consumer Credit Panel.
Stripping STRIPs Trading Activity
A look at the trading activity of Separate Trading of Registered Interest and Principal of Securities (STRIPS) using FINRA’s TRACE transactions data.
Why Do Fewer Renters Expect to Move?
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.
AI’s Impact on Labor and Hiring
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, skil...
A Window into Bond Investors’ Uncertainty About R‑Star
A look at bond investors’ knowledge about r-star, the natural real rate of return which acts as a guide for monetary policy decisions.