The COVID-19 pandemic upended housing markets. This blog post launches an interactive chart that accompanies our research ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

Download Chart Data (CSV, 3 KB) Figure 1 divides annualized one-month changes in headline PCE inflation into contributions that can be determined as driven by supply versus demand, with the remainder ...

Price differences across U.S. states and regions widened during the pandemic years. In our Economic Letter, “The Changing Disparity in Prices Across States,” we find that states with above average ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

Inflation still lies somewhat above the Federal Reserve’s 2% goal after slowing significantly since its spring 2022 peak. Analysis shows that two labor market indicators—the ratios of job vacancies to ...

Reference. Bauer, Michael D., Aeimit Lakdawala, and Philippe Mueller. 2022. “Market-Based Monetary Policy Uncertainty.” Economic Journal 132(644, May).. Download Data. Daily Market-Based Monetary ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...

Households accumulated more liquid assets beginning in 2020 than would have been expected without the pandemic. These “extra” liquid assets have dissipated, but their evolution has differed ...

The Congressional Budget Office recently raised its demographic projections for net U.S. immigration. Most of the increase in the projections came from undocumented immigrants. Updating the CBO ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...