What is the contribution of changes in female labor supply to the decline of employment in routine jobs observed in the U.S.

The change in the average U.S. tariff rate in 2025 was the largest in the modern era. One way to assess the effects of such a ...

Highlights from 2025 around the Twelfth District. Discover how the SF Fed engages, listens to communities, and learns from ...

Recessions are periods where the labor market deteriorates rapidly. Supporting business conditions to prevent such ...

As we approach the end of the year, here’s a top five list of our most widely read FRBSF Economic Letter topics in 2025, ...

The SF Fed engages with businesses and communities across the region to gather real-time information on local economic conditions. These insights provide important context to quantitative data and ...

A decrease in oil supply drives up oil prices, which can raise unemployment and inflation. To counter adverse effects on inflation, a central bank may choose to increase its policy rate, potentially ...

This paper introduces the U.S. Monetary Policy Event-Study Database (USMPD), a novel, public, and regularly updated dataset of financial market data around Federal Open Market Committee (FOMC) policy ...

Using data from the euro area SAFE, a novel survey of firms’ inflation expectations including a randomized controlled trial (RCT), we show that firms’ inflation expectations exhibit significant ...

To better understand the potential impacts of generative AI (gen AI) on the economy, this analysis uses quantitative methods to assess the extent to which workers are likely to be exposed to AI on the ...

Mary C. Daly 2024 Commencement Address at the University of San Francisco School of Management. As we wrap up Zip Code Economies 1.5, we want to know how young people are faring. So we reconnect with ...