The Consumer Price Index for All Urban Consumers (CPI-U) measures the average change in prices paid by consumers for everyday goods and services over time. Tracking the CPI at a regional level can inform us about differences in inflation within the United States.

Our Regional Outreach team recently surveyed businesses across the Ninth District to gauge current economic activity and the near-term outlook of firms in different sectors. Join Ron Wirtz, Regional Outreach director, for a free webinar discussing the latest results from a July survey of firms, and to learn how businesses are dealing with very challenging conditions.

On Thursday June 16, 2022, at 2:00 p.m. ET, staff from the Federal Reserve hosted an Ask the Fed® webinar on the ELE tool for determining expected credit losses under CECL.

The ELE tool takes a financial institution’s loan-level data and assumptions as entered in by financial institution management and automates the Weighted-Average Remaining Maturity (WARM) method. This session walks through the spreadsheet-based tool intended to assist community financial institutions in implementing CECL.

The Ask the Fed® session and the ELE spreadsheet-based tool are available on the CECL Resource Center ELE page.

The Consumer Price Index for All Urban Consumers (CPI-U) measures the average change in prices paid by consumers for everyday goods and services over time. Tracking the CPI at a regional level can inform us about differences in inflation within the United States.

In mid-June, heavy rain and rapid snowmelt in and around Yellowstone National Park led to historic flooding in the park and across southern Montana. It tore whole houses from their foundation and floated them downstream like it was a new concept in vacation homes. In Red Lodge and other communities, overflowed streams poured into basements like teenage kids and left behind an even worse mess (Figure 1).

But this flood was more notable not for what it left behind, but for what it took with it once the water receded: all the tourists.

Longer lives and unpredictable health make our golden years an economic puzzle, with major implications for policy and our own happiness. Economist Mariacristina De Nardi works to decipher our patterns of saving and spending in old age: Why do many couples keep putting money away long into retirement? Do we enjoy our money less as we age? How does losing a spouse dramatically change our finances? And what are the implications of COVID-19?

De Nardi is the Thomas Sargent Professor of Economics at the University of Minnesota and a consultant to the Opportunity & Inclusive Growth Institute at the Minneapolis Fed. The event will be moderated by Senior Economics Writer Jeff Horwich.

The Consumer Price Index for All Urban Consumers (CPI-U) measures the average change in prices paid by consumers for everyday goods and services over time. Tracking the CPI at a regional level can inform us about differences in inflation within the United States.

Our Regional Outreach team recently surveyed businesses across the Ninth District to gauge current economic activity and the near-term outlook of firms in different sectors. Join Ron Wirtz, Regional Outreach director, for a free webinar discussing the latest results from a July survey of firms, and to learn how businesses are dealing with very challenging conditions.

The Opportunity & Inclusive Growth Institute will host its inaugural fall Institute Research Conference on October 15, 2021. This event will showcase the range of frontier-style research that the Institute engages with and will promote a broad scholarly exchange of ideas around presented papers. Papers will discuss questions related to the Institute’s mission of supporting the Federal Reserve’s full employment mandate through research into how to enhance economic opportunity and achieve inclusive growth.

The event includes a keynote panel on Race in Economic Research: From One Dimension to Many. Race can shape many daily interactions and experiences. Because of this, it contributes to economic outcomes in a vast number of ways, yet research methods in economics often abstract from this complexity. To name just a few examples: Models require simplifying assumptions; data – particularly big, administrative data – limits measurement of race and experiences; and...

Sept 15 (Reuters) - With little fanfare, all of the Federal Reserve's regional banks have followed the Minneapolis Fed's July decision to require employees to be vaccinated against COVID-19, with the Philadelphia Fed telling its staff of the new mandate on Wednesday.

The regional Fed banks of New York, Boston, St. Louis, San Francisco, Chicago, Richmond, Cleveland, Dallas, Atlanta and Kansas City all separately told their staff last month they would be subject to a vaccine mandate, with compliance deadlines set for as soon as Oct. 1 and as late as Nov. 15.

Employees at the Philadelphia Fed have until Nov. 30. All told, the 12 banks employ close to 20,000 people.

The requirement is necessary to protect workforce health and "ensure we’re able to serve the needs of our constituents and do our part to combat the spread of COVID-19 and the formation of new variants within the communities we serve," a Dallas Fed spokesman told Reuters.

U.S. President Joe Biden...