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

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

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact ...

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 ...

How much has excess demand contributed to inflation recently? Next, we use our estimates of the causal effects of tightness, or excess demand, on inflation to help understand the recent evolution of ...

This data series is part of the Center for Monetary Research. Monetary Policy Surprises data capture the exogenous changes in interest rates over tight windows around the monetary policy announcements ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...

Mary C. Daly is president and chief executive officer of the Federal Reserve Bank of San Francisco. In 2024, she is a voting member of the Federal Open Market Committee, the monetary policymaking body ...

Note: This data page will no longer be updated. The latest estimates of pandemic-era excess savings are as of September 2024. Past data will continue to be available on this site. Pandemic-Era Excess ...

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 ...

The decline in inflation owes to many factors, including improvements in supply chains, productivity, and labor force growth. 3 Indeed, research by the San Francisco Fed shows that these supply ...

Opinions expressed in FRBSF Economic Letter do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve ...