SF FedViews: October 16, 2025
SF Fed economists expect unemployment and inflation rates to rise modestly through mid-2026 and then start to decline. Research Director Sylvain Leduc shares his views on the current economy and outlook in a new SF FedViews.

The Latest
What We Study:
Insights, research, and data on various topics affecting our economy.
News & Media
The San Francisco Fed President’s Case for More Rate Cuts – Axios
October 7, 2025
President Mary C. Daly on KSL NewsRadio’s Midday with Maria Shilaos
September 26, 2025
Fed’s Daly on Outlook for Rate Cuts – Fox Business
August 15, 2025

Meet the SF Fed
Learn more about our groups and their work in pursuit of the SF Fed’s mission.
Around the District

Gauging Economic Conditions in Northern California
As a Regional Executive, Stephen DeLay traveled to various cities in Northern California to gather insights from business leaders on local economic conditions. These engagements provide valuable context to guide the Fed’s monetary policy efforts.
Video & Media
Watch the latest videos from the SF Fed covering events and topics relevant to the Twelfth District and beyond.
Explore the 12th District
The Federal Reserve Bank of San Francisco is one of the 12 Reserve Banks in the Federal Reserve System. San Francisco is the headquarters of the Twelfth Federal Reserve District.
