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October 16, 2026 ai_technology payments

New York Fed Finds Surging Costs Turn Executive Outlook Negative

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Overview

Service sector firms in New York State and nearby areas became pessimistic about the business outlook in early October, for the first time since December 2025, the Federal Reserve Bank of New York said in its October “Business Leaders Survey.” The survey’s index for future business activity fell 10 points to –5.1, putting it in negative territory […] The post New York Fed Finds Surging Costs Turn Executive Outlook Negative appeared first on PYMNTS.com.

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