Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of inflation using the consumer ...

We document key stylized facts about the time-series trends and cross-sectional distributions of AI pricing and study its ...

Calendar-year inflation forecasts from Federal Open Market Committee meeting participants typically start near 2% and then ...

The Federal Reserve Bank of San Francisco is hosting its Annual Conference on Macroeconomics and Monetary Policy in San Francisco on Friday, February 21, 2025. The conference aims to bring together ...

CPI Inflation Contributions from Goods and Services updates data on how much different types of goods and services contribute to changes in consumer price index (CPI) inflation. This tool is intended ...

The Federal Reserve Bank of San Francisco is organizing its annual Macroeconomics and Monetary Policy Conference to be held on Friday, February 21, 2025. Researchers can submit papers for ...

Small businesses play an important role in the American economy, both as employers, and as drivers of economic activity in local communities. In recent years, many small business owners have had to ...

Standard asset pricing models reconcile high equity premia with smooth risk-free rates by inducing an inverse functional relationship between the mean and the variance of the stochastic discount ...

As a community-engaged bank, the SF Fed seeks out real-time information on economic conditions by engaging with and learning from businesses, community organizations, and local leaders. These ...

Watch Mary C. Daly’s discussion with New York Times reporter Jeanna Smialek on banking and the economy.

I’m delighted, and it’s good to see everybody in the audience. Thank you for having me. Well, I think the jobs market data being revised and going back and forth is just a good lesson of why you can’t ...

The economy has significantly improved from just two years ago. Inflation has fallen substantially, and the labor market has returned to a more sustainable path. A soft landing is achievable, and the ...