VIX

Fifth District manufacturing activity was flat in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased to 4 in June from 13 in May. All three of its component indexes fell in June, although both shipments and new orders remained in positive territory. Shipments fell to 3 from 16, ...

US business activity growth improved for a third successive month in June, according to flash PMI survey data from S&P Global. However, the rate of growth remained weaker than at the start of the year. Companies also cut back on their staffing levels amid concerns over the outlook and in response to rising overheads, notably in terms of raw material prices. ...

As Brazil takes a greater share of Chinese soybean purchases away from American farmers, the U.S. is trying to win back buyers by emphasizing crop quality. “Soybean production in North America and soybean production in South America is very different,” Carlos Salinas, executive director, East Asia, at the U.S. Soybean Export Council said in a presentation ...

For the four weeks ending June 6, 2026, U.S. private employers added an average of 30,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). It was the first pickup in hiring since May 2, 2026. These numbers are preliminary and could change as new data is added. The NER Pulse is an estimate of the ...

Over the past two years, headlines about the U.S. labor market have often sounded contradictory. Employers report difficulty finding workers, layoffs remain low and unemployment rates are still near record-low levels. At the same time, young adults, especially those entering the labor market for the first time, are finding it harder to secure jobs. These ...

Competing narratives of labor-market momentum and deteriorating growth have left the Fed in “wait and see” mode. With inflation and oil risk complicating the picture, can the Fed stay on the sidelines until the labor-versus-growth debate resolves?

fed's goolsbee defends his dissent, says inflation remains well above target and moving in the wrong direction; adds the labor market is stable, services inflation is concerning, and more evidence is needed that price pressures are temporary.

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. But in his first press conference last Wednesday, new chair Kevin Warsh began to reverse some of those steps. ...

Thank you, Beth Anne, and I would like to welcome everyone to the fifth installment of this Conference on the International Roles of the U.S. Dollar.1 Over the years, this gathering has aimed to bring together different perspectives to better understand the forces shaping the dollar's central role in the global financial system. Last year's conference, for instance, focused on global investor allocation to U.S. safe assets and their liquidity in a time of geopolitical and technological change. This year, we are here to discuss the implications of financial innovations, especially digital assets such as stablecoins, for the international roles of the U.S. dollar. One striking feature of these discussions has been how rapidly the underlying questions have evolved since the first conference in the series. While the traditional drivers of the central role of the U.S. dollar in the global monetary system—from the size, strength, and depth of the U.S. economy and financial markets to trust in U.S. institutions and rule of law—remain critically important today, the environment around these drivers is changing rapidly. Technological innovation is increasingly altering how households and businesses interact with dollars, whether it is through holding new types of assets or through changes to the payment rails by which dollar-denominated assets are transferred, intermediated, and settled. Distributed ledger technologies and tokenized assets, such as stablecoins, are creating new channels for global dollar intermediation that operate alongside, or sometimes in conjunction with, traditional banking and payment systems. As a result, the dollar's international role is also evolving. The private sector is moving rapidly to expand access to dollar-denominated assets, innovate in new financial services, and explore potential business opportunities that perhaps did not make sense with legacy technologies. In doing so, there will be complements to the traditional financia Fed's Waller: Dollar’s global role changing with technology Fed Governor Waller did not comment on the economic or monetary policy outlook in his remarks.

The Federal Reserve Board and the Federal Reserve Bank of New York are jointly organizing the Fifth Conference on the International Roles of the U.S. Dollar on June 22 and 23, 2026, in Washington, D.C. The U.S. dollar plays a preeminent role in the global economy through its use in international investment, funding, payments, and trade transactions, as well ...