Why hike? The Federal Reserve has a dual mandate from Congress: price stability and maximum employment. The FOMC weighs each ...

Non-credit workforce training can provide community college students with a pathway to the workforce, but data are limited. This post explores non-credit students, including how the Richmond Fed ...

How do states determine high-demand jobs? Fifth District states and jurisdictions have different approaches, but health care ...

In September's Federal Open Market Committee (FOMC) meeting, Fed policymakers once again released their Summary of Economic Projections (SEP). The median projection for headline PCE inflation in 2026 ...

Speech is scheduled for 1:00 p.m. ET and will be posted at that time on richmondfed.org. The event also includes audience Q&A.

European countries' gross domestic products (GDPs) relative to the U.S. at current purchasing power parity (PPP) have stayed fairly constant since 2001. However, U.S. real GDP at national constant ...

In July, we explored how fuel prices have changed for consumers in the Fifth District and found that changes were not geographically uniform. Although crude oil prices had decreased somewhat when that ...

The share of employed Americans who hold more than one job has climbed each year since its April 2020 low, peaking at 6.0 percent at the end of 2025 before easing to 5.5 percent by July 2026. The ...

The Hornstein-Kudlyak-Lange Non-Employment Index (NEI) was 7.6 percent in August 2026, essentially unchanged from July 2026. The index decreased by 0.2 percentage point compared to August 2025. The ...

This section features timely and topical questions asked by the Federal Reserve Bank of Richmond as part of its monthly business surveys. These special questions vary each month and are designed to ...