Joseph McGillicuddy is a senior research associate at the Federal Reserve Bank of St. Louis.
Of all the major commercial real estate categories, multifamily housing has strengthened the most since the last recession. It has shown so much growth that some are worried a bubble is forming.
Oil prices and inflation expectations sometimes move in tandem. A close look at three types of shocks to oil prices suggests that not all shocks relate to inflation expectations in the same manner.
This small MSA scores well on educational attainment, cost of living, employment in health care services and in other categories. Still, output and job growth are relatively slow.
Experts who practice the “dismal science” share how economics might impact joy.
Students at high-quality colleges have had rising graduation rates and incomes over time. Increased sorting between students and colleges may help explain these gains.