ECONOMY

The Unintended Effects of Interest Rate Caps: Credit Reallocation to Safer Borrowers

[ad_1] Rajashri Chakrabarti, Gabriel Leonard, Donald P. Morgan, Thu Pham, and Lee Seltzer Several states have recently capped consumer loan…

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Food Insecurity and Consumer Pessimism

[ad_1] Gizem Kosar, Ishva Mehta, and Wilbert van der Klaauw Current discussions regarding a bifurcated U.S. economy highlight the increasing…

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The Regional Side of the Story: K-Shaped Pattern in Region, Wider Gap in Gas Spending

[ad_1] Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In this post, we use the inaugural release of…

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Assessing the Current State of Wage Inflation

[ad_1] Martin Almuzara, Richard Audoly, and Davide Melcangi Economists often look at nominal wage growth to gauge labor market imbalances,…

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The Global Credit Cycle in Corporate Bond Returns

[ad_1] Nina Boyarchenko and Leonardo Elias The global corporate nonfinancial bond market is both a large investment asset class and…

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AI’s Macroeconomic Challenges and Promises

[ad_1] Simone Lenzu In the third quarter of 2025, America’s largest tech firms for the first time spent more on…

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Federal Student Loan Defaults Return After Pandemic Pause

[ad_1] Zara Jacob, Donghoon Lee, Daniel Mangrum, Joelle W. Scally, and Wilbert van der Klaauw During 2026:Q1, household debt balances…

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Do Job Postings Show Early Labor-Market Effects of AI?

[ad_1] Richard Audoly, Miles Guerin, and Giorgio Topa As generative AI tools become more widely used, a key issue is…

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Will Mounting Supply Chain Strains Hamstring the AI Investment Boom?

[ad_1] Hunter L. Clark, Jeffrey B. Dawson, and Shad Turney The conflict in the Middle East has precipitated a global…

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Stress and Strain from NBFIs to Banks

[ad_1] Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Do the recent stresses in the NBFI space—notably the bankruptcies of…

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