The national launch of Workforce Realigned: How New Partnerships Are Advancing Economic Mobility, a book from the Federal Reserve Banks of Atlanta and Philadelphia and Social Finance, will be a 90-minute virtual program. The event will explore the emergence of a new generation of cross-sectoral partnerships focused on better outcomes for workers. It will draw on examples from the recently released book (and beyond) and highlight efforts to build a better workforce system through shared accountability, aligned incentives, and a more careful and thoughtful allocation of financial risks across workers, employers, and governments.

Take On Payments, a blog sponsored by the Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta, is intended to foster dialogue on emerging risks in retail payment systems and enhance collaborative efforts to improve risk detection and mitigation. We encourage your active participation in Take on Payments and look forward to collaborating with you.

Firms of color were more likely to experience financial and operational challenges stemming from the pandemic. These challenges are particularly salient given the important role business ownership plays in wealth building and employ­ment in communities of color.

In partnership with Steven Davis of the University of Chicago Booth School of Business and Nicholas Bloom of Stanford University, the Federal Reserve Bank of Atlanta has created the Atlanta Fed/Chicago Booth/Stanford Survey of Business Uncertainty (SBU). This innovative panel survey measures the one-year-ahead expectations and uncertainties that firms have about their own employment and sales. The sample covers all regions of the U.S. economy, every industry sector except agriculture and government, and a broad range of firm sizes.

The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.

GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. In particular, it does not capture the impact of COVID-19 and social mobility beyond their impact on GDP source data and relevant economic reports that have already been released. It does not anticipate their impact on forthcoming economic reports beyond the standard internal...

The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.

GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. In particular, it does not capture the impact of COVID-19 and social mobility beyond their impact on GDP source data and relevant economic reports that have already been released. It does not anticipate their impact on forthcoming economic reports beyond the standard internal...

Fort Lauderdale, Fla. and Atlanta – April 14, 2021 – The Federal Reserve Bank of Atlanta and the Greater Fort Lauderdale Alliance Foundation announce the signing of a memorandum of understanding (MOU) regarding Prosperity Broward, an initiative of the Alliance Foundation’s Prosperity Partnership. The memorandum, which was signed on April 7, focuses on expanding economic mobility in areas within Broward County.

The MOU outlines a commitment by the Atlanta Fed’s Community and Economic Development (CED) team and the Prosperity Broward team to work together to build, launch, and support the initiative. With the assistance of the Atlanta Fed’s CED team, Prosperity Broward plans to qualitatively and quantitatively measure data showcasing the impact the initiative is having in communities that have experienced generations of inequality and a lack of access to opportunities. The MOU creates an operational framework that will help facilitate useful...

Measures of underlying inflation are useful in separating inflation signal from relative price noise, and in such a way that they are good predictors of future inflation. These measures also help gauge price pressures in the economy by relating the position of a given alternative price statistic to its price-stability target. This is why they are able to track the trend in overall inflation so well.

The Taylor rule is an equation John Taylor introduced in a 1993 paper that prescribes a value for the federal funds rate—the short-term interest rate targeted by the Federal Open Market Committee (FOMC)—based on the values of inflation and economic slack such as the output gap or unemployment gap. Since 1993, alternative versions of Taylor's original equation have been used and called "simple (monetary) policy rules" (see here and here), "modified Taylor rules," or just "Taylor rules." We use the last term in this web page.

This web page allows users to generate fed funds rate prescriptions for their own Taylor rules based on a generalization of Taylor’s original formula:

April 13, 2021 12:00 p.m. – 3:30 p.m. ET | 11:00 a.m. – 2:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System