NY Fed paper warns of systemic risks from SOFR credit lines
Regulatory stress tests may need to be updated to account for the acute drawdown risks faced by banks that offer committed credit facilities linked to...
SNB withdraws record sum from Fed’s swap line
The Swiss National Bank withdrew a record $11 billion from its standing dollar liquidity swap line with the US Federal Reserve last week. This is...
NY Fed: Public’s Near-Term Inflation Expectations Again Hit Record in February
Households’ expectations of the near-term future path of inflation surged back to record levels in February, amid growing worries that it will become harder to...