News

NY Fed appoints Anna Nordstrom as Markets Group chief

(Reuters) -Anna Nordstrom was tapped Monday as the permanent head of the Federal Reserve Bank of New York's Markets Group, a role she takes on immediately, the bank said in a press release on Monday. Nordstrom, who has been with the New York Fed since 2008, had been serving as interim leader of the Markets Group since December after then Markets chief Michelle Neal announced her resignation, which took effect in March. Before assuming her role in the Markets Group, Nordstrom held a number of roles in the bank's work on financial markets.

Why Tesla (TSLA) Stock Is Trading Lower Today

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session as stocks grappled with more uncertainty after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.

NY Fed finds Americans trimming back wage expectations for new jobs

NEW YORK (Reuters) -Americans' view on labor markets soured in March as respondents to a Federal Reserve Bank of New York survey sharply trimmed back the payrate they said would get them to take a new job. The bank reported as part of its Survey of Consumer Expectations that the so-called reservation wage for a new job fell to $74,236 last month, versus the series high of $82,135 seen in November data. Consumers have reported rising anxiety about the outlook and near-term inflation as President Donald Trump has launched a global trade war while at the same time working to eviscerate the federal government.