January 15, 2026
Tryg Aanenson, Erik Andres Escayola, Enrique Martínez García, Efthymios Pavlidis, Iván Payá and Kostas Vasilopoulos
House prices matter to more than just individual homebuyers and sellers. They are closely tied to consumer spending, business investment and the broader path of the economy.
January 13, 2026
Daniel Wilson and Xiaoqing Zhou
A sudden reversal in U.S. net unauthorized immigration has important implications for the demographic outlook, labor force participation, employment growth and local labor markets.
January 6, 2026
Tyler Atkinson and Shane Yamco
In recent years, unemployment has gradually ticked up, and job searchers report increased difficulty finding new work. Is this related to AI?
December 31, 2025
Enrique Martínez García and Mark Wynne
During a presentation and discussion hosted by the Global Institute last month, Steve Kamin discussed how tariffs, volatility and evolving payment technologies are challenging—but not yet dislodging—the dollar’s position as a reserve currency at the center of the global financial system.
December 30, 2025
Brendan Kelly and J. Scott Davis
Nearly 30 percent of China's industrial firms operate at a loss, up from 20 percent before the pandemic. The question arises: How can this be sustained?
December 23, 2025
J. Scott Davis and Brendan Kelly
China’s private sector debt ballooned from 2008 through 2016, among the largest and most sustained such increases historically. Notably, this Chinese credit growth was financed entirely from domestic savings, unlike many other examples of rapid credit expansion elsewhere.
December 16, 2025
Sam Schulhofer-Wohl
The Federal Open Market Committee adjusts the stance of monetary policy primarily by changing its target range for the federal funds rate. A new measure examines rate transmission efficacy across interest rates in a variety of money markets.
November 25, 2025
Benjamin Hoham and Fang Yang
Analysts have taken notice of the large share of total U.S. spending attributable to the very highest earners. The concerns are that the emergence of K-shaped growth—bifurcated activity at an elevated rate among high earners and much more restrained among most others—may put the U.S. in greater economic peril.
November 20, 2025
Cameron Barrett
The One Big Beautiful Bill Act, a broad package of federal spending and tax policies signed into law in July 2025, spells trouble for the residential solar industry.
November 18, 2025
J. Scott Davis and Lillian Derr
While recent levels of government borrowing have been high, private savings by U.S. residents have been elevated as well. As a result, overall borrowing for the entire U.S economy has been remarkably stable.