Housing availability and affordability help support labor market participation and financial stability for households. The Federal Reserve Bank of San Francisco’s Community Engagement and Analysis (CE ...

Hosted by the Federal Reserve Bank of San Francisco, Philip Lane, Member of the Executive Board of the European Central Bank, will deliver the keynote address at the 2026 Economic Research Symposium, ...

The weekly Labor Market Stress Indicator (LMSI) tracks state-level labor market developments in real time to better understand labor market conditions as they evolve. The measure is built from weekly ...

Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department ...

How does monetary policy impact banks’ lending behavior when interest rate changes revalue their securities? Detailed supervisory data show that banks with larger losses on securities during the ...

From early 2021 through early 2024, the U.S. experienced an unprecedented boom in unauthorized immigration, with substantial heterogeneity across local economies. Using administrative microdata, we ...

Business leader surveys can be an important and reliable source for insights into future labor market conditions, particularly for expected wage growth. Survey responses from financial executives ...

Japanese government bond markets present a puzzling pattern. Unlike U.S. markets, where bond liquidity and other premiums have been shown to drive a wedge between prices of nominal U.S. Treasury ...

Despite their potentially major impacts, little is known about how El Niños impact the U.S. economy. El Niños are distinct from other commonly studied weather shocks because they are a global ...

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 ...

Economic activity in the Twelfth District was broadly steady during the mid-August through September reporting period. Employers generally maintained employment levels and increased wages slightly.