by Liberty Street Economics | Mar 26, 2024 | alerts, Markets/Economy
A previous post explored the potential implications for U.S. growth and inflation of a manufacturing-led boom in China. This post considers spillovers to the U.S. from a downside scenario, one in which China’s ongoing property sector slump takes another leg down and...
by Liberty Street Economics | Mar 25, 2024 | alerts, Markets/Economy
While the slump in China’s property sector has been steep, Chinese policymakers have responded to the falloff in property activity with policies designed to spur activity in the manufacturing sector. The apparent hope is that a pivot toward production-intensive growth...
by Liberty Street Economics | Mar 22, 2024 | alerts, Markets/Economy
This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast and its change since December 2023. As usual, we wish to remind our...
by Liberty Street Economics | Mar 8, 2024 | alerts, Markets/Economy
In a previous post, we described the rapid growth of the stablecoin market over the past few years and then discussed the TerraUSD stablecoin run of May 2022. The TerraUSD run, however, is not the only episode of instability experienced by a stablecoin. Other...
by Liberty Street Economics | Mar 7, 2024 | alerts, Markets/Economy
Wage growth has moderated notably following its post-pandemic surge, but it remains strong compared to the wage growth prevailing during the low-inflation pre-COVID years. Will the moderation continue, or will it stall? And what does it say about the current state of...
