Economy

Behind the ATM: Exploring the Structure of Bank Holding Companies

Lily Gordon and Lee Seltzer Many modern banking organizations are highly complex. A “bank” is often a larger structure made…

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Sports Betting Is Everywhere, Especially on Credit Reports

Jacob Goss and Daniel Mangrum Editor’s Note: The chart notes for the first chart have been updated to correct errors…

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What’s Driving Rising Business Costs?

Jaison R. Abel, Richard Deitz, and Nick Montalbano After a period of moderating cost increases, businesses faced mounting cost pressures…

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Are Rising Employee Health Insurance Costs Dampening Wage Growth?

Jaison R. Abel, Richard Deitz, and Nick Montalbano Employer-sponsored health insurance represents a substantial component of total compensation paid by…

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Firms’ Inflation Expectations Return to 2024 Levels

Jaison R. Abel, Richard Deitz, and Nick Montalbano Businesses experienced substantial cost pressures in 2025 as the cost of insurance…

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The Post-Pandemic Global R* – Liberty Street Economics

Marco Del Negro, Elena Elbarmi, and Michael Pham In this post we provide a measure of “global” r* using data…

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Seeing Through the Shutdown’s Missing Inflation Data

Martin Almuzara and Geert Mesters Data releases for inflation have been scarce over the past four months due to the…

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Where Are Mortgage Delinquencies Rising the Most?

Andrew F. Haughwout, Donghoon Lee, Daniel Mangrum, Joelle W. Scally, and Wilbert van der Klaauw The Federal Reserve Bank of…

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Anatomy (not Autopsy) of the Phillips Curve

Simone Lenzu The relationship between inflation and real economic activity has long been central to debates in macroeconomics and monetary…

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Disability in the Labor Market: Employment and Participation

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy Among people in prime working age (25-54), around 7 percent…

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