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 ...
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 ...
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 ...