Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates.

Last fall, we released a paper tracking homebuying behavior through the pandemic and post-pandemic period. We found that, despite pandemic headwinds and a reduction in housing inventories, many types ...

These enhanced communications have had considerable benefits. First, they have increased the public’s understanding of the Federal Reserve’s mandates and commitments. Second, as research has ...

Community Engagement and Analysis works to understand the economic experiences of lower-income households and communities to help build a stronger economy for all Americans. ENGAGE: We engage our ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

The results suggest that future changes in climate will increase exposure to extreme heat for outdoor workers in the United States. The number of days above 25°C for these workers rises substantially ...

The overall pattern masks substantial variation across our four racial and ethnic groups. Figure 2 shows that the college wage premium is especially large for Asian workers, with college graduates ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

The labor force participation (LFP) rate for prime-age workers surged from early 2021 through early 2023, especially for women. This helped reduce the large shortfall of available workers relative to ...

How much has excess demand contributed to inflation recently? Next, we use our estimates of the causal effects of tightness, or excess demand, on inflation to help understand the recent evolution of ...

President Daly joined co-anchors Morgan Brennan and Jon Fortt and senior economics reporter Steve Liesman on Closing Bell: ...

News about trade policy discussions in recent months demonstrate the importance of understanding how much the U.S. economy relies on imports. We frequently hear about the increasing importance of ...