Economic Letter

The Increase in Inflation Compensation: What’s Up?

Market-based measures of short-term inflation compensation have risen sharply. Survey-based measures suggest this has not affected longer-term inflation expectations. But analyzing the difference between market prices of standard and inflation-indexed government bonds provides some tentative evidence that investors have raised their 10-year inflation outlook above their historical range.

The SF Fed’s Commitment to Equity

The San Francisco Fed is dedicated to building an economy that works for everyone and helping ensure all Americans have the opportunity to fully realize their potential. We champion equity because research has demonstrated it supports our full employment mandate and our mission to promote a healthy and sustainable economy.

Career Opportunities

The San Francisco Fed is dedicated to building an economy that works for everyone. We thrive on reflecting the people we serve by hiring talented individuals from diverse backgrounds and creating a culture of inclusion where people are respected for what they do and for who they are.