Economies may face different challenges during oil supply disruptions depending on whether they primarily import or export ...

Over the past 20 years, the share of U.S. debt held by foreigners has fallen substantially. Demand for U.S. debt has partly ...

Commercial banks have led the adoption of artificial intelligence (AI) in recent years. Evidence suggests that banks using AI ...

The SF Fed's Michael Fernandez and Brian Weaver discuss the bank's cash operations with the San Francisco Standard.

This article examines the geographic and policy overlap between Opportunity Zones and the Community Reinvestment Act, ...

We construct a new high-frequency measure of risk appetite shifts around Federal Open Market Committee (FOMC) meetings, the common component of changes in risk-sensitive indicators. Fed policy actions ...

PCE Inflation Contributions from Goods and Services provides monthly updates on price changes for the broad categories of goods and services that U.S. households consume, as measured by personal ...

The personal consumption expenditure price index (PCEPI) is one measure of U.S. inflation, tracking the change in prices of goods and services purchased by consumers throughout the economy. Of all the ...

Output in the United States exhibited strong growth in 2023 and 2024, returning to its prepandemic trend. This comeback stands in contrast to the experience of many other countries—for example, output ...

Supply- and Demand-Driven PCE Inflation updates data on the contributions to personal consumption expenditures (PCE) inflation from supply-driven versus demand-driven components. This tool is intended ...