Firms frequently revise not only their expectations, but also how uncertain they feel about those expectations. Using the U.S ...

Local data presented by Federal Reserve Bank of San Francisco staff at the San Joaquin Valley Financial Empowerment convening ...

A new indicator—the Inflation Shock Momentum Index—can help identify emerging inflationary or disinflationary pressures in ...

The new SF Fed Policy Calibration Tool is designed to help construct a monetary policy path that aligns with one’s views of ...

This paper proposes a validation framework for LLM-generated measurements when reliable benchmarks are unavailable. Validity is established by testing whether an LLM can reconstruct passages from ...

We measure how workers use genAI in their jobs using a nationally representative survey that links genAI use to detailed tasks. GenAI currently assists a broad range of work, with at least one in five ...

The Board of Governors and the Federal Reserve Banks annually prepare and release audited financial statements reflecting balances (as of December 31) and income and expenses for the year then ended.

This data series is part of the Center for Monetary Research. This site presents a weekly and monthly series of the proxy funds rate, following Doh and Choi (2016), Choi, Doh, Foerster, and Martinez ...

The Federal Reserve’s balance sheet—a record of its assets and liabilities—provides important information about the scale and scope of its open market operations, a key monetary policy tool. Expanding ...

Regional data provide indicators measuring characteristics of the dual mandate across the nation. This page provides data on labor market conditions, prices, and earnings for the 50 states and the ...

Academic research by SF Fed economists and affiliates intended for publication in scholarly journals. This section contains selected working papers on monetary economics and macro-finance topics that ...