SF Fed Blog
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What’s Driving Inflation? Our New Data Page Gives a Detailed Look
Understanding inflation beyond the headline number is important for policymakers and economists. Adding to other SF Fed indicators that disentangle the key drivers of personal consumption expenditures (PCE) inflation each month, we have launched a new data page that breaks down each inflation reading into the different groups of goods and services that contribute to it.
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Staying on Course: Reducing Inflation along a Nonlinear Phillips Curve
New data continue to follow the path of a nonlinear Phillips curve constructed in earlier work showing the empirical relationship between inflation and the ratio of unemployment to job vacancies.
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Advisory Council Observations: The SF Fed’s Advisory Councils Provide Insights about the Twelfth District’s Economy
The members of the SF Fed’s Advisory Councils provide valuable perspectives from around the Twelfth District. In this edition of Advisory Council Observations, we share what we learned at our most recent council meetings.
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Economic Letter Countdown: Hot Topics from 2023
With the new year right around the corner, here’s a countdown of our own to close out 2023. Check out the list of our most popular FRBSF Economic Letter topics of the year, featuring research insights from San Francisco Fed economists.
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Data Revisions and Pandemic-Era Excess Savings
U.S. household savings rose and fell at unprecedented rates since the onset of the pandemic recession. Comprehensive data revisions by the Bureau of Economic Analysis show that households continue to hold significantly more savings than previously estimated. Our updated estimates suggest that more than $400 billion of accumulated excess savings remains in the aggregate economy, and those funds are likely to continue being drawn down into the first half of 2024.
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Union Leaders Discuss the Economy
In a recent roundtable with the SF Fed, Pacific Northwest union leaders described how recent high inflation was affecting their members.
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Excess No More? Dwindling Pandemic Savings
U.S. household savings rose and fell at unprecedented rates since the onset of the pandemic recession. Updated estimates suggest that only a small fraction of accumulated excess savings remains in the aggregate economy and that those funds are likely to be depleted during the third quarter of 2023.
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Questions on Inflation and the Economy? Watch the Quick Clips from Ask the SF Fed
Questions on Inflation and the Economy? Watch the Quick Clips from Ask the SF Fed. Sylvain Leduc, Director of Economic Research, answered a set of pre-submitted questions from the public during our event on February 7, 2023.
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A Conversation with Mark Gould on FedNow and the Future of Payments
Mark Gould, the Federal Reserve System’s chief payments executive, discusses the launch of FedNow and why he’s excited to deliver the closing remarks at the 2023 Fintech: Innovation, Inclusion and Risks Conference in Santa Clara, CA.
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Rising Interest Rates Dampen District’s Housing Market Activity
Supervision + Credit’s quarterly First Glance 12L report that rising interest rates weighed on District housing market activity, with prices declining since May and existing home sales settling at their lowest level since early 2008.