Labor market conditions are similar in regions that are near each other. This is called positive spatial correlation.

"For me, relaxing the policy rate to make sure it continues to be modestly restrictive — but not so restrictive that it ...

Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, shared views ...

Economic activity in the Twelfth District edged down slightly during the mid-August to September reporting period. Employment ...

The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks’ ...

Bootstrap procedures for local projections typically rely on assuming that the data generating process (DGP) is a finite order vector autoregression (VAR), often taken to be that implied by the local ...

The fraction of men working in the United States has declined consistently since the 1950s. This has contributed to slower labor force growth and resulted in considerable gaps between labor force ...

Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of October 24, 2024.

I do want to caution us against thinking all bubbles are financial. I don't see many signs that that's the case. Research and ...

The Fed’s SBCS captures how small businesses in the U.S. are doing and their experiences accessing financing. This important information is shared with lenders, policymakers, and those who support ...

We identify corporate commitments for reductions of greenhouse gas emissions—green pledges—from news articles using a large language model. About 8% of publicly traded U.S. companies have made green ...

Global supply chain disruptions due to the COVID-19 pandemic have increased the costs of trade between countries. Given the interconnectedness of the U.S. economy with the rest of the world, higher ...