For decades, economists and policymakers have argued about the meaning of full employment. Those debates are getting more vigorous. Historic changes in labor force growth have resulted in a job count ...

Monetary policy surprises—changes in various interest rates around central bank communication events—reflect new information ...

Tariffs are usually applied to imported goods—but in an interconnected economy, their effects can be felt in the prices of ...

The latest Community Investments series examines the evolving landscape of AI and its implications for community development.

The Federal Reserve System’s Reserve Banks across the country keep money moving securely, from electronic payroll deposits to instant payments to physical cash. In this critical role, Reserve Banks ...

We introduce an improved measure of geopolitical risk that builds on Caldara and Iacoviello (2022) and uses artificial intelligence to evaluate newspaper content. Our approach replaces keyword ...

Twelfth District Business Sentiment presents two qualitative indexes that track the views of business leaders across the western United States—the SF Fed Business Sentiment Index and the SF Fed ...

Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, implied by a large class of heterogeneous-agent models, constructed using ...

This data series is part of the Center for Monetary Research. This site presents a weekly and monthly series of the proxy funds rate, following Doh and Choi (2016), Choi, Doh, Foerster, and Martinez ...

The Daily News Sentiment Index is a high frequency measure of economic sentiment based on lexical analysis of economics-related news articles. The index is described in Buckman, Shapiro, Sudhof, and ...

Regional data provide indicators measuring characteristics of the dual mandate across the nation. This page provides data on labor market conditions, prices, and earnings for the 50 states and the ...