The change in the average U.S. tariff rate in 2025 was the largest in the modern era. One way to assess the effects of such a ...

Highlights from 2025 around the Twelfth District. Discover how the SF Fed engages, listens to communities, and learns from ...

Recessions are periods where the labor market deteriorates rapidly. Supporting business conditions to prevent such ...

In this paper we exploit 150 years of tariff policy in the US and abroad to estimate the short-run effects of tariff shocks on macro aggregates. A careful review of the major changes in US tariff ...

Recessions are periods where the labor market deteriorates rapidly. Supporting business conditions to prevent such deterioration is a core objective of policymakers. In this paper we construct a labor ...

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 ...

Highlights from 2025 around the Twelfth District. Discover how the SF Fed engages, listens to communities, and learns from local economies.

SF Fed Regional Executives explore Spokane’s economic landscape, uncovering insights on the bioscience, aerospace, and timber industries in the Inland Northwest.

As we approach the end of the year, here’s a top five list of our most widely read FRBSF Economic Letter topics in 2025, ...

The longest-term U.S. Treasury bonds that investors can buy mature in 30 years. Some other countries offer up to 50-year government bonds. Examining these foreign bond markets and extrapolating U.S.

Inflation has climbed since 2021, as the labor market has tightened. Two historical data relationships can account for elevated inflation over the past two years: the Beveridge curve, which relates ...

At the onset of the pandemic in 2020, US consumers dramatically changed how they purchased goods and services, favoring credit cards by a significant margin and increasing their use of online payments ...