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

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

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

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 ...

At an event hosted by New York University Stern School of Business, President Mary C. Daly discussed the progress the Federal Reserve has made in bringing inflation down and the importance of looking ...

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 ...

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 ...

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 ...

Communities and businesses play a crucial role in shaping the Federal Reserve’s monetary policy. To inform our decision-making, the San Francisco Fed hosts discussions with the people we serve so we ...

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 ...