News

President Daly shared her latest insights on both the US and Alaska economy with Alaska Public Media news host Ava White.
President Daly shared her latest insights on the Fed’s path forward amid continued uncertainty with Reuters’ Ann Saphir. The ...
We present new monthly U.S. city-level and national measures of worker and firm search from 1900 to 1938, derived from scanned images of U.S. newspapers. To our knowledge, we are the first to ...
The Federal Reserve Bank of San Francisco is organizing a Workshop on Expectations and Behavioral Macroeconomics that will be held at the Federal Reserve Bank of San Francisco on Monday, October 27, ...
Zero Lower Bound Probabilities at Different Time Horizons uses prices of fixed-income derivatives to create a daily measure of the likelihood that future short-term interest rates will be constrained ...
Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates. The information from this statistical distribution can help measure the ...
The United States trades a lot with other countries, particularly Mexico, Canada, and China—its top trading partners in recent years. Recent increases and proposed additional changes to tariffs on U.S ...
New data suggest that net migration into the United States has dropped sharply in 2025 from its historical highs, falling well below previous estimates.
The Phillips curve plays a central role in the macroeconomics literature. However, there is little consensus on the forcing variable that drives inflation in the model, i.e., on the appropriate ...
In coordination with Syracuse University and the Maxwell School of Citizenship and Public Affairs, President Mary C. Daly participated in a panel discussion on the evolving role and influence of AI in ...
U.S. household savings rose and fell at unprecedented rates following the onset of the pandemic recession. Updated estimates suggest that these excess savings have been fully spent. However, consumer ...
Commercial Real Estate is an important driver of the Twelfth District’s economy. For this reason, the SF Fed has been closely tracking the sector. To better understand the path forward, we talked with ...