Research is the basis for every action and decision we make at the Federal Reserve Bank of San Francisco, spanning many different functions and responsibilities across the Bank. This page provides direct links to the full breadth of research and insights from two distinct groups within the Federal Reserve Bank of San Francisco: Economic Research and Community Engagement and Analysis. You can also find recurring updates to specific data and indicators from the Economic Research Department on this page, as well as blog posts and publications from departments throughout the Bank.
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RESEARCH & INSIGHTS
Economic Research
Our Economic Research Department conducts
extensive research on a wide range of topics to
help inform monetary policy decisions and to
strengthen the public stock of knowledge.
RESEARCH & INSIGHTS
Community Engagement and Analysis
Community Engagement and Analysis conducts research on economic conditions in lower-income communities across the Twelfth Federal Reserve District and on emerging issues and promising practices in community development.
Data & Indicators
Our economists provide recurring updates of specific data sets related to their research.
The Daily News Sentiment Index is a high frequency measure of U.S. economic sentiment based on lexical analysis of economics-related news articles.
The Proxy Funds Rate uses a broad set of financial market indicators to assess the stance of monetary policy. The proxy rate can be interpreted as indicating what federal funds rate would typically be associated with prevailing financial market conditions if the federal funds rate were the only monetary policy tool being used.
The Treasury yield premium model decomposes nominal bond yields of various maturities into three components: expectations of the average future short-term interest rate, a term premium, and a model residual.
Pandemic-Era Excess Savings updates estimates of the remaining stock of aggregate excess savings in the U.S. economy, defined as the difference between actual savings and the pre-pandemic trend.
Supply- and Demand-Driven PCE Inflation
Supply- versus Demand-Driven PCE Inflation determines the monthly contributions to both headline and core personal consumption expenditures (PCE) inflation from supply-driven versus demand-driven components.
Weather-Adjusted Employment Change
This page provides estimates of weather-adjusted employment change in the United States for the past six months. The estimates are aggregated from county-level estimates of weather’s employment effects, which were derived from a county-level analysis of the short-run effects of unusual weather on employment growth.
RESEARCH & INSIGHTS
Blog Posts
In-depth articles offering insights from our experts’ research, public engagement, and events across the 12th district and the nation.
RESEARCH & INSIGHTS
SF Fed Publications
We produce a wide range of publications that share the latest data, analysis, and insights from various teams at the SF Fed. Our publications help inform and strengthen public understanding of economic issues and its impact on people and communities.