SF Fed Blog
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Revisiting Wage Growth
The July jobs report once again brought great news on employment gains and less than exciting news on wage growth. Data through the second quarter of 2018 show that median weekly earnings of full time workers rose just 2% on an annual basis, well below what might be expected in such a robust labor market. So what is going on?
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Q&A: Climate Adaptation and Resilience from a Community Development Perspective
Elizabeth Mattiuzzi sits down with Jesse Keenan, a professor at the Harvard Graduate School of Design focused on urban development and climate adaptation, to learn more about his work and its connections to the community development field.
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Speaking Up for East Oakland
A group of women is using photography to show the impact of neighborhood neglect on their daily lives, encouraging investment in and change for their low-income communities.
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What Is Financial Wellness?
Does worrying about your finances keep you up at night? Focusing on financial wellness can help.
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What Is the Beige Book?
Eight times a year, two weeks before a Federal Open Market Committee (FOMC) meeting, you’ll find a new Beige Book linked from our website and social media accounts. What is it? What’s in it? Here’s what you need to know.
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Asia Prepares for New Bail-in Bonds
A decade removed from the global financial crisis, the world’s most systemically important banks are preparing to meet new rules on total loss-absorbing capacity (TLAC) by 2019. New TLAC-eligible debt securities, popularly known as “bail-in” bonds, have emerged post-2008 as part of efforts to minimize the need for taxpayer bailouts in future crises. In Asia, banks in Japan and China will face tailored versions of these requirements based on the unique features of each country’s banking system. Below, we examine the state of TLAC in Asia.
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Helping Banks Brace for Hurricane Season
Hurricane season was especially busy in 2017 with six major storms on record. While we can’t predict the severity of this year’s storms, we are prepared to meet increased cash demand in recovery zones if necessary. Here’s how.
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Why Are Foreigners Holding More Onshore Chinese Securities?
Foreign holding of onshore Chinese securities is expanding rapidly from a small base. Over the past year, overseas investment in Chinese A-share stocks has gained momentum after the MSCI decided to add Chinese A-shares to the MSCI index family. This development will enhance the already growing interconnectedness between Chinese capital markets and the rest of the world.
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Inclusion, Racial Equity, and Community Development: Lessons from the 2018 National Interagency Community Reinvestment Conference
In March 2018, we gathered 1,200 community development professionals in Miami for the National Interagency Community Reinvestment Conference and explored the complex intersections between issues such as neighborhoods, health, and climate as well as the role of community reinvestment in promoting equitable development. Over the next few weeks, we will share videos and reflections from the conference, organized around some of the event’s key themes. We start with a focus on inclusion and racial equity.
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Asia’s Aging Workforce May Boost Its Markets
The demographics of aging have long been studied as a key driver of investment behavior in capital markets, as changes in life stage alter investor preferences. Asia is home to countries with a diverse range of demographic profiles, with several rapidly aging countries like Japan, Korea, and China, and younger populations in India and Indonesia. Building upon other research into the relationship between demographics and capital markets, this post considers how aging may impact the region.