SF Fed Blog
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Inflation Decline Continues to Support a Soft Landing Along the Nonlinear Phillips Curve
Fifteen months of new data since May 2023 continue to track closely along the path of a fitted nonlinear Phillips curve. This confirms earlier work that portrays the nonlinear empirical relationship between inflation and a particular measure of labor market slack: the ratio of the unemployment rate to the job vacancy rate.
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Listening to and Learning from our 2024 Interns
What is it like to be an intern at the SF Fed? We asked our interns and this is what we learned.
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Economic Letter Video: Pandemic-Era Liquid Wealth is Running Dry
In our recent Economic Letter, “Pandemic-Era Liquid Wealth Is Running Dry,” we look at the accumulation of extra liquid wealth by U.S. households during the pandemic and its eventual depletion.
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Learn about SF Fed’s Research Associate program
We are now accepting applications for the San Francisco Fed’s two-year research associate (RA) program in Economic Research. Learn about the program and how RAs contribute to research and policy at the SF Fed.
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Economic Letter Video: Breakeven Employment Growth
In our recent Economic Letter on “Breakeven Employment Growth,” we look at population projections from the Census Bureau and the Congressional Budget Office to estimate the short-term and long-term trends in labor force growth. Naturally, as the working-age population increases, so does the labor force. Job growth needs to keep pace with this expanding labor […]
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Gauging the Stance of Monetary Policy on a Weekly Basis
How can we learn more from financial market perspectives about the stance of monetary policy? Expanding the SF Fed’s Proxy Rate to a weekly frequency provides detailed insights into how specific news and actions affect monetary policy tightness beyond what the federal funds rate level can show.
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Charting Their Course: Research Associates Head to Grad School
As they finish two years of working with the SF Fed Economic Research Department, several research associates will continue their academic careers through graduate studies.
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How Twelfth District Businesses are Rapidly Embracing GenAI
Emerging technologies are top of mind for Twelfth District businesses. Hear how they are using GenAI and their expectations for boosting workforce productivity.
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Pandemic Savings Are Gone: What’s Next for U.S. Consumers?
U.S. household savings rose and fell at unprecedented rates following the onset of the pandemic recession. Updated estimates suggest that these excess savings have been fully spent. However, consumer spending shows no signs of losing steam, raising questions about its future path.
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Advisory Council Observations: April 2024
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.