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 ...

To gauge the factors driving inflation during different periods, I use the demand-driven and supply-driven components of 12-month PCE inflation constructed by Shapiro (2025). The methodology ...

President Daly joined co-anchors Morgan Brennan and Jon Fortt and senior economics reporter Steve Liesman on Closing Bell: Overtime to discuss the state of the economy, inflation, and more. “I ...

Mary C. Daly is President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. In that capacity, she serves the Twelfth Federal Reserve District in setting monetary policy. Prior ...

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 ...

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 ...

Labor force participation among U.S. men and women ages 25 to 54 has been declining for nearly 20 years, a stark contrast with rising participation in Canada over this period. Three-fourths of the ...

Download PDF (pdf, 302 kb) Summary The 2018 report on the Diary of Consumer Payment Choice (DCPC) was the fourth Diary study conducted by the Federal Reserve. A demographically-representative sample ...

Download PDF (pdf, 480 kb) Download Chart Data (Excel document, 128 kb) Summary The Diary of Consumer Payment Choice (Diary) is an ongoing annual research effort conducted by the Federal Reserve to ...

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 ...

Inflation fell dramatically following the onset of the COVID-19 pandemic. Dividing the underlying price data according to spending category reveals that a majority of the drop in core personal ...