Blog Posts

Watch our Economic Letter video with Adam Shapiro, Vice President, Economic Research, to learn more about our measurements of excess demand and its impacts on inflation.

Updated analysis using new and revised data suggests that the flow of immigrants into the United States slowed in late 2024. Despite this drop, recent immigration flows remain three times the historical average.

Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of inflation using the consumer price index.

Small businesses play an important role in the stability of the American economy, both as employers, and as drivers of economic activity in local communities. Timely insights on the challenges business owners face when trying to grow and fund their firms provides critical information for researchers, policymakers, and lenders.

Leilani Barnett, Sr. Outreach Manager, shares our efforts to help California banks and organizations maximize the CRA’s economic development potential.

SF Fed EVP Sylvain Leduc and Oregon Tech Executives explore the future of high tech in the state.

Fifteen months of new data since May 2023 continue to track closely along the path of a fitted nonlinear Phillips curve. This confirms earlier work that portrays the nonlinear empirical relationship between inflation and a particular measure of labor market slack: the ratio of the unemployment rate to the job vacancy rate.

What is it like to be an intern at the SF Fed? We asked our interns and this is what we learned.

A high-interest rate environment, local economic issues, and rebuilding parts of Maui remain top of mind for Hawaiian bankers.

SF Fed Visiting Scholar Scott Allard and Assistant Vice President of Community Development Research Elizabeth Kneebone discuss the importance of job proximity, especially for lower-income workers, and their research collaboration focused on understanding how proximity to jobs has shifted for low-income workers and communities since the pandemic.