Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

The COVID-19 pandemic upended housing markets. This blog post launches an interactive chart that accompanies our research paper on pandemic homebuyers.

Central banks have a responsibility to share information in ways that improve the public’s understanding. This communication must be consistent enough that people can follow, and dynamic enough that ...

These enhanced communications have had considerable benefits. First, they have increased the public’s understanding of the Federal Reserve’s mandates and commitments. Second, as research has ...

Community Engagement and Analysis works to understand the economic experiences of lower-income households and communities to help build a stronger economy for all Americans. ENGAGE: We engage our ...

Low-income Housing Tax Credits FRBSF Community Investments (pdf, 80 kb) Catherine H. Such, Columbia Housing The LIHTC is a credit against regular tax liability for investments in affordable housing ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

President Daly joined co-anchors Morgan Brennan and Jon Fortt and senior economics reporter Steve Liesman on Closing Bell: ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...

Estimating market expectations for inflation from the yield difference between nominal Treasury bonds and Treasury inflation-protected securities—a difference known as breakeven inflation—is ...

Labor force participation in the United States has dropped a percentage point since the pandemic began. Analyzing how participation has evolved for various groups of the population suggests that more ...