Over the past 20 years, the share of U.S. debt held by foreigners has fallen substantially. Demand for U.S. debt has partly ...

Commercial banks have led the adoption of artificial intelligence (AI) in recent years. Evidence suggests that banks using AI ...

This article examines the geographic and policy overlap between Opportunity Zones and the Community Reinvestment Act, ...

The SF Fed's Michael Fernandez and Brian Weaver discuss the bank's cash operations with the San Francisco Standard.

We construct a new high-frequency measure of risk appetite shifts around Federal Open Market Committee (FOMC) meetings, the common component of changes in risk-sensitive indicators. Fed policy actions ...

Output in the United States exhibited strong growth in 2023 and 2024, returning to its prepandemic trend. This comeback stands in contrast to the experience of many other countries—for example, output ...

Rapid advances in emerging technologies are reshaping both how consumer fraud and scams unfold and how institutions detect and respond to these risks. These dynamics carry particular consequences for ...

According to household surveys, inflation expectations tend to move together with expectations for gasoline price changes. The relationship is not symmetrical, though: Inflation expectations rise when ...

With the emergence of artificial intelligence, data center construction has surged with plans for more to become operational in the coming years. The growth of data centers poses challenges to the ...

Economic activity in the Twelfth District was little changed during the July to mid-August reporting period. Employers largely maintained employment levels. Wages were up slightly. Prices rose ...

Nearly 40% of small business respondents to the 2024 Small Business Credit Survey (SBCS) reported either using or planning to use artificial intelligence (AI), revealing a rapidly evolving landscape ...