Economy

Same Shock, Different Roads? A K-Shaped Pattern at the Pump

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim Pinkovskiy In March 2026, energy prices surged to a four-year high, driven…

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Use of Gen AI in the Workplace and the Value of Access to Training

Ali Hashim, Gizem Kosar, and Wilbert van der Klaauw The rapid spread of generative AI (AI) tools is reshaping the…

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Bank Failures: The Roles of Solvency and Liquidity

Bank Failures in the United States, 1863–2024 Source: “Bank Failures: The Roles of Solvency and Liquidity,” Correia, Luck, and Verner…

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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…

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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…

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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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