Economy

The R*–Labor Share Nexus – Liberty Street Economics

Sophia Cho and John C. Williams Over the past quarter century, the U.S. economy has experienced significant declines in both…

Read More »

The Fed Has Two Tools to Influence Money Market Conditions 

Adam Copeland and Owen Engbretson  The Federal Reserve’s 2022-23 tightening cycle involved the use of two monetary policy tools: changes…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »