Research and analysis of economic trends and developments
October 9, 2025
Anton Cheremukhin
Recent employment reports show U.S. payroll employment growth has cooled from its torrid pace in previous years, raising the question of whether this signals a healthy rebalancing or the start of a concerning slowdown.
October 7, 2025
Matthew J. McCormick and Hugo DeVere
Understanding the underlying network structure of money markets provides valuable insights for monitoring reserve scarcity and its evolution in response to regulatory and market changes.
October 2, 2025
Rosie Levy
Efficient allocation of bank reserves improves central bank balance sheet efficiency. Frictions in such redistribution can affect monetary policy implementation.
September 30, 2025
Philippe Bacchetta, J. Scott Davis and Eric van Wincoop
Starting in late 2007, the Federal Reserve, in partnership with a few major foreign central banks, began offering central bank dollar liquidity swap lines as an important liquidity backstop.
September 25, 2025
Lorie K. Logan and Sam Schulhofer-Wohl
The Federal Open Market Committee primarily adjusts the stance of monetary policy through its target range for the federal funds rate. We discuss whether the fed funds rate remains the right operating target for short-term interest rates.
September 23, 2025
Tyler Atkinson and Jim Dolmas
How much is current "excess" inflation? We take a new approach to this question, focusing on movements in relative prices.
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Dallas Fed Economics