Cooling Labor Market and Elevated Inflation Stoke Fed Divisions on Rate Cuts
Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
IFDP Paper: Economic Diversity and the Resilience of Cities
François de Soyres, Simon Fuchs, Illenin O. Kondo, and Helene MaghinWe develop a framework to assess how economic shocks affect local labor markets and worker welfare, with a focus on city-level economic diversity. Using detailed worker flow data across cities, sectors, and occupations, we construct theory-consistent welfare measures. Our approach combines a dynamic discrete choice model with a dual representation that captures both direct effects and the insurance value of local economic diversity.
FEDS Paper: Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents
Jean Xiao TimmermanThis paper examines the evolution of artificial intelligence (AI) patent rates (i.e., the number of AI patents/number of firms of the same type) and concentration metrics (i.e., the Herfindahl-Hirschman Index (HHI) and Gini coefficient) among financial market participants from 2000 to 2020.
Donor-advised funds have more money than ever – and direct more of it to politically active charities
Using investment accounts for charitable gifts could be influencing giving in unexpected ways. sesame/DigitalVision Vectors via Getty ImagesCharitable giving in the United States has changed significantly in recent years.
Eurogroup presidency hailed as pinnacle of recovery as OPEKEPE hearings descend into turmoil
The election of Finance Minister Kyriakos Pierrakakis as president of the Eurogroup has been welcomed by forces across the political spectrum in Greece as the final recognition of the country’s comeback from the financial crisis.
Statistical Notice 2025/06 - Bank of England Statistics Taxonomy 1.3.1 release note
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue
A video posted on Attorney General Pam Bondi's X account shows the moment an oil tanker was seized by U.S. forces off the coast of Venezuela. U.S. Attorney General's Office/X via APThe U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.
Unions have been in decline in the UK for 50 years. A new law could begin to reverse that trend
The UK’s employment rights bill will usher in major changes for workers from April 2026. But beyond promising improved rights for employees over unfair dismissal and sick pay, one of the most controversial aspects of the bill concerns the rights of trade unions.
Growing a mix of plants in fields can save farmers money and help the environment – new research
goodluz/ShutterstockFarmers have increasingly sown a single type of grass in their fields over the past 100 years, and then added che
Trump’s Tariffs Shrank the U.S. Trade Deficit in September
The monthly trade deficit fell to its lowest level in five years after the president’s imposition of sweeping global tariffs. But it’s unclear whether the trend will persist.
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