U.S. net international migration (NIM) grew at historically high rates over the past several years. An update of earlier San Francisco Fed analysis (Duzhak 2024), using new and revised data on the ...

This SF Fed Blog updates estimates first published in our FRBSF Economic Letter “Recent Spike in Immigration and Easing Labor Markets by economist Evgeniya Duzhak. The Federal Reserve Bank of San ...

Inflation still lies somewhat above the Federal Reserve’s 2% goal after slowing significantly since its spring 2022 peak.

Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of inflation using the consumer ...

Understanding how inflation is evolving and what is driving it requires looking beyond the headline number. To get a fuller picture of this evolution using the consumer price index, the SF Fed has ...

We document key stylized facts about the time-series trends and cross-sectional distributions of AI pricing and study its ...

Calendar-year inflation forecasts from Federal Open Market Committee meeting participants typically start near 2% and then ...