Federal Reserve Bank of New York

Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.

Worse-than-expected economic data released on Wednesday may signal softer growth — and greater demand for bonds.

While tariffs will certainly cause an uptick in inflation, the Federal Reserve can hold rates, according to Federal Reserve Bank of New York President John Williams.

New York service sector activity “continued to grow modestly” in April.

Business activity “grew modestly in New York State,” while the outlook fell to its lowest level in three years.

Consumers’ inflation expectations ticked up for the three-year horizon, according to the March Survey of Consumer Expectations.

New York service sector activity “grew modestly” in March, according to the Federal Reserve Bank of New York's Business Leaders Survey, released Monday.

Business activity “grew only slightly in New York State,” according to the March Empire State Manufacturing Survey.

Consumers’ inflation expectations fell, according to the February Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Slower economic growth shouldn’t be a concern since it’s the “new normal,” according to Federal Reserve Bank of New York President John Williams, who said Wednesday this allows the Fed to be patient and data dependent on rate changes.