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

The Inflation Shock Momentum Index (ISMI) updates data on coordinated directional pressure across the distribution of category-level inflation rates. This monthly indicator is intended to track ...

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

Mary C. Daly, president and CEO of the Federal Reserve Bank of San Francisco joined José Luis Escrivá, Governor of the Banco de España for a moderated conversation at the Banco de España’s conference, ...

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

Òscar Jordà, senior policy advisor at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of June 4, 2026.

Labor productivity gains over the past three years helped the U.S. economy expand steadily, even with near-zero employment growth. Combined with substantially increased business investment in ...

We develop a non-parametric filter that identifies sustained directional runs in shocks to monthly inflation—a concept we define as “inflation shock momentum.” By assessing the shocks to over 100 ...

Adam Shapiro, vice president at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of April 16, 2026. Oil markets ...

Tariffs are usually applied to imported goods—but in an interconnected economy, their effects can be felt in the prices of other goods and services. Estimates using data across multiple advanced ...

Since becoming widely commercially available in fall 2022, adoption of generative artificial intelligence in U.S. businesses has grown rapidly. Recent surveys suggest substantial year-over-year ...