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New York Federal Reserve

All articles tagged with #new york federal reserve

education-employment1 year ago

"Examining the Lowest-Paying College Majors Post-Graduation"

A recent analysis by the New York Federal Reserve reveals that liberal arts, performing arts, and theology majors earn the lowest salaries five years after graduating from college, with a median annual income of $38,000. Other low-paying majors include leisure and hospitality, history, fine arts, and psychology. In contrast, the highest-paid majors are in science, technology, engineering, and mathematics (STEM) fields, with computer engineers earning the highest median income of $80,000 right after college and $133,000 by ages 35 to 45. Education majors, particularly early childhood education, earn the least mid-career, highlighting the disparity in earnings across different fields.

finance2 years ago

Mixed Results for New York Manufacturing as Gold Prices Experience Profit Taking

Gold prices are experiencing profit-taking as the New York Federal Reserve's Empire State manufacturing survey reveals stronger-than-expected activity. The survey's general business conditions index fell to 1.1 in July, beating expectations of a negative reading. The report also shows mixed activity in components such as new orders and shipments, while the labor market saw robust momentum. Inflation pressures are easing, which some analysts view as negative for gold.

finance2 years ago

New York Fed's Empire State Manufacturing Survey shows increase in factory activity after five months.

The New York Federal Reserve reported a robust recovery in the US manufacturing sector, with the Empire State manufacturing survey's general business conditions index rising to 10.8 in April, up from March's negative reading of 24.6. The better-than-expected data is keeping a lid on gold prices as the market treads water at the start of the week. According to analysts, the latest economic data is helping to solidify expectations that the Federal Reserve will raise interest rates next month.