Research and Insights

To support the core responsibilities of the Federal Reserve, the 12 Reserve Banks and the Board of Governors in Washington, D.C., maintain active Economic Research departments. Federal Reserve researchers study monetary policy; the U.S., global, and regional economies; and banking, payments, and financial markets. This research, complemented by engagement with local businesses and communities to collect real-time information on economic conditions, supports monetary policy decisions and helps policymakers explain their actions to the public.

This page provides direct links to the research and insights from two distinct groups within the Federal Reserve Bank of San Francisco: Economic Research, which focuses on topics related to monetary policy, and Community Engagement and Analysis, which works to understand the economic experiences of lower-income households. You can also find recurring updates to specific data and indicators from the Economic Research Department, as well as blog posts and publications from departments throughout the Bank.

We are committed to looking ahead. Understanding where the economy is headed is key to fulfilling the responsibilities that Congress gave us, including a safe and sound payment and financial system and a sustainable economy with full employment and price stability.”

— Mary C. Daly, President and CEO, Federal Reserve Bank of San Francisco

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.

The Labor Market Stress Indicator tracks weekly state-level labor market developments in real time to better understand labor market conditions as they evolve.

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.

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.

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