The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.
The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.
CMD staff are engaged in research to better understand how consumers form, update, and act on their expectations for a range of economic variables and outcomes. As part of this effort, they designed and implemented a monthly Survey of Consumer Expectations (SCE), which captures respondents’ expectations for overall inflation, significant prices such as for food, gas, and education, job prospects, and earnings growth among others. Regular survey modules focus in depth on special topics including housing and access to credit.