Federal Reserve Bank of New York

Money Moves

President John Williams said there is 'no need for urgency' in changing monetary policy

The US economy added just 29,000 jobs in September, less than a third of the 90,000 forecasters expected. The unemployment rate ticked up to 4.2% as 485,000 people entered the labor force.

Updated 2 days ago

Money Moves

Holds reduced share of Dutch gold

For decades, European central banks stored gold in New York because it was safest there. The Dutch central bank just moved 86 tonnes of it out, citing 'increasing geopolitical unrest.'

Updated Sep 6

Rule Changes

Implements the new regime of full‑allotment repos and expanded T‑bill purchases.

In a single year the Fed has gone from peak post‑Covid rates to a clear easing cycle. December's third 2025 rate cut pushes the federal funds range down to 3.5–3.75% and flips the switch on a new operating regime built around full‑allotment repos and steady Treasury bill buying.

Updated May 10