Federal Reserve Bank of San Francisco

Serving the western U.S. with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all. RT ≠ endorsements

[Federal Reserve Bank of San Francisco @sffed]

Retail sales and demand for consumer and business services were unchanged on net. Conditions in the financial services sector were stable overall. Contacts reported a weak economic outlook, though sentiment was slightly more optimistic than in the prior period.

[Federal Reserve Bank of San Francisco @sffed]

The latest Twelfth District Beige Book report states that economic activity remained largely stable during the April through mid-May reporting period. https://t.co/33KgIZY51i

[Federal Reserve Bank of San Francisco @sffed]

Employment levels were generally unchanged, with most employers holding head counts flat and hiring selectively. Wages rose slightly. Prices increased moderately, largely driven by higher fuel costs due to the ongoing conflict in the Middle East.

[Federal Reserve Bank of San Francisco @sffed]

The latest regional indicators for labor markets and prices are available:
https://t.co/IpJHtjZsqP

The San Francisco Fed monitors regional economic indicators to help achieve the Fed system's maximum employment and price stability goals.

[Federal Reserve Bank of San Francisco @sffed]

Why has labor force participation diverged across genders? New research finds that recent generations of men are participating less than previous generations, while recent generations of women—especially those with more education—have higher participation. https://t.co/YMAMYrpVWg

[Federal Reserve Bank of San Francisco @sffed]

Has the US entered an era of high productivity growth? A new Economic Letter provides a framework for interpreting recent productivity data and offers cautious optimism about future growth prospects. https://t.co/XZICb5QdHz

[Federal Reserve Bank of San Francisco @sffed]

AI infrastructure spending by the largest firms helped fuel US investment growth in 2025. A new analysis of sentiment data from company earnings calls suggests that optimism about AI will continue to contribute to future overall investment growth. https://t.co/F3Nlx1fZro

[Federal Reserve Bank of San Francisco @sffed]

Companies are increasingly using advanced algorithms powered by artificial intelligence to set prices. A new Economic Letter finds evidence that price adjustments are more sensitive to monetary policy in sectors where AI pricing is more prevalent. https://t.co/gxc73f1loo

[Federal Reserve Bank of San Francisco @sffed]

What do chief financial officers predict about inflation? A new Economic Letter finds that CFO expectations for price growth at their own firms can provide an economy-wide indicator that tracks well with subsequent core consumer price index inflation. https://t.co/xwed2RTSEy

[Federal Reserve Bank of San Francisco @sffed]

The latest regional indicators for labor markets and prices are available:
https://t.co/IpJHtjZsqP

The San Francisco Fed monitors regional economic indicators to help achieve the Fed system's maximum employment and price stability goals.

[Federal Reserve Bank of San Francisco @sffed]

A little-known fact is that the majority of the staff at the @sffed work to support a modern and resilient payment system and a safe and sound banking system. These are critical functions keeping the nation’s economy running smoothly every day.

[Federal Reserve Bank of San Francisco @sffed]

What does the Federal Reserve do? Our core responsibilities are managing payments, regulating and supervising banks, and conducting monetary policy.

[Federal Reserve Bank of San Francisco @sffed]

Oil markets have experienced considerable volatility. In the latest SF FedViews, Vice President Adam Shapiro writes that the ultimate economic impact from higher prices will depend critically on how long market disruptions persist. https://t.co/J5v3YAdV1d

[Federal Reserve Bank of San Francisco @sffed]

Contacts reported a weaker economic outlook and heightened uncertainty stemming from the impact of the ongoing conflict in the Middle East on energy markets and global supply chains.

[Federal Reserve Bank of San Francisco @sffed]

The latest Twelfth District Beige Book reports that economic activity was somewhat subdued but largely stable during the mid-February through March reporting period. https://t.co/33KgIZY51i

[Federal Reserve Bank of San Francisco @sffed]

Retail sales grew slightly on net, while demand for consumer and business services was stable overall.

[Federal Reserve Bank of San Francisco @sffed]

Contacts reported a weaker economic outlook and heightened uncertainty stemming from the impact of the ongoing conflict in the Middle East on energy markets and global supply chains.

[Federal Reserve Bank of San Francisco @sffed]

Retail sales grew slightly on net, while demand for consumer and business services was stable overall.