The zero lower bound is the concept that the federal funds rate would not be cut below zero percent. This lower bound constraint can limit the effectiveness of monetary policy when rates are at or near the zero lower bound, especially during recessions. In our Economic Letter, The Zero Lower Bound Remains a Medium-Term Risk, […]| San Francisco Fed
Although revisions to monthly payroll employment data issued in August were large, they were within the historical range. Evidence continues to suggest that the incoming data are not generally subject to greater fluctuations than in the past, according to updated SF Fed analysis.| Federal Reserve Bank of San Francisco
New data suggest that net migration into the United States has dropped sharply in 2025 from its historical highs, falling well below previous estimates.| San Francisco Fed
In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research Network (EERN) to support a better| Federal Reserve Bank of San Francisco
Our research associates who have been working with professional economists in Economic Research over the past two years are preparing to take their next steps, pursuing new paths and opportunities.| Federal Reserve Bank of San Francisco
Price differences across U.S. states and regions widened during the pandemic years. In our Economic Letter, “The Changing Disparity in Prices Across States,”| Federal Reserve Bank of San Francisco
How are generative artificial intelligence (GenAI) tools being integrated into consumer product companies? Do they improve product development, marketing| Federal Reserve Bank of San Francisco
The members of the SF Fed’s Advisory Councils provide valuable perspectives from around the Twelfth District. In this edition of Advisory Council Observations, we share what we learned at our most recent council meetings.| Federal Reserve Bank of San Francisco
Housing prices surged as housing inventories dropped to historically low levels in the first two years following the onset of the pandemic. In our Economic| Federal Reserve Bank of San Francisco
How much variation in labor market conditions and inflation rates is there at the sub-national level? Our Regional Indicators page maps out labor market, price, and earnings data across the country.| Federal Reserve Bank of San Francisco
With the new year fast approaching, here’s a countdown of our own to close out 2024. Check out the list of our most widely read FRBSF Economic Letter topics in 2024, featuring research and insights from SF Fed economists.| Federal Reserve Bank of San Francisco