Thanks to Tomas A. for this week's Views from the Ninth employee photo submission! This photo of the of the aurora borealis was taken in Stillwater, Minnesota. Did you catch the #northernlights this week? Drop your photos below!

Coordinating a range of data, our economist Simon Mongey finds #immigration changes can only explain about half of the weak U.S. jobs market. Among the evidence: Slower wage growth for workers we might expect to benefit from falling immigrant labor. https://bit.ly/4olkp1A

Conversations with the Fed: A decade of economic research and data innovation in Indian Country November 20 10-11am CT Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country. Register: https://bit.ly/4opyhaR

Do tariffs affect the natural rate of interest? In the new QR @neilmehrotra.bsky.social & Michael Waugh find that by raising cost & depressing demand for capital, tariffs can drive r-star lower in the short-run--w/ lower policy rates needed to support employment. https://bit.ly/42gsD1I

Starting LIVE now! Tune in: www.minneapolisfed.org/live

What are the major trends determining the course of overall inflation? @jeffhorwich.bsky.social looks at durable goods, market-based services, and housing & utilities next to their recent historical performance. The results show why this is a challenging moment for policymakers. #EconSky

Thank you to all who have served our country. We are so grateful for your courage, dedication, and sacrifice.

Conversations with the Fed: A decade of economic research and data innovation in Indian Country November 20 10-11am CT Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country. Register: https://bit.ly/4opyhaR

🚨 FINAL CALL: The deadline is 11/14 for responses to the #FederalReserve's Small Business Credit Survey! Small business owners, this is your last chance to share your experiences. We want your feedback to help provide insights to policymakers, service providers, and lenders: https://bit.ly/3IBovTz

Uncertainties and challenging market conditions have left apartment owners and operators largely feeling pessimistic about the future, according to interviews we conducted in Minnesota and the Sioux Falls area last summer—but some saw cause for hope. https://bit.ly/3WG6CGD

Thanks to Shannon L. for this week's View from the Ninth employee photo submission, taken this summer at Glacier National Park in #Montana.

Got two minutes? Get a little more Fed Fluent with Senior Econ Writer @jeffhorwich.bsky.social, who takes on the Fed's $6.5 trillion "balance sheet." What is it, and why's everybody talking about it? #EconSky

When it comes to Federal Reserve policy, it's not all about interest rates: What's the Fed's "balance sheet" and why should you care? Take two minutes and get a little more Fed Fluent with @jeffhorwich.bsky.social.

Research, insights, and event information. Sign up today for the Economic Research Newsletter and receive a quarterly email with the latest from our Research Division. https://bit.ly/4cYJw3C

Housing Needs and Opportunities in #NorthDakota Join us LIVE today 10am-3pm CT for an event featuring housing experts from around the country discussing successful strategies for supporting #housing production in smaller cities and rural areas. Tune in here: https://bit.ly/3sRd0d9

There's still time to register for the @oiginstitute.bsky.social 2025 Institute Research Conference, a showcase of frontier-style research that the Institute engages with and supports. Keynote speaker will be David Card, 2021 winner of the Nobel prize in #economics. https://bit.ly/4gSFopm

Rapid rise. Quick recovery. Long-term unemployment didn't stay high for long after the COVID recession. But the baseline to which the labor market returned is itself the product of substantial long-run changes. In the new issue of @oiginstitute.bsky.social's For All magazine: https://bit.ly/42DHhk3

You should be suspicious of any unexpected email message that claims to be from the Federal Reserve. Scammers use phony fraud alerts and other scare tactics to steal your financial information. For information about how to protect you, your family, and friends, visit www.federalreserve.gov

Uncertainties and challenging market conditions have left apartment owners and operators largely feeling pessimistic about the future, according to interviews we conducted in Minnesota and the Sioux Falls area last summer—but some saw cause for hope. https://bit.ly/3WG6CGD

Coordinating a range of data, our economist Simon Mongey finds #immigration changes can only explain about half of the weak U.S. jobs market. Among the evidence: Slower wage growth for workers we might expect to benefit from falling immigrant labor. https://bit.ly/4olkp1A

Minnesota hospitality businesses reported that rising prices and high wages were their top challenges this summer. Read more about what businesses said in a new article by Haley Chinander: https://bit.ly/4hctPJK

Join the thousands of for-profit small businesses that take the annual Small Business Credit Survey and help the #FederalReserve obtain vital info on the current business climate: https://bit.ly/3IBovTz

Undergraduate level is where economics loses talent. Fed-Minnesota partnership's BEE program proves engagement and mentorship can transform the pipeline. cla.umn.edu/economics/ne...

Automation, inflation, and firm power are changing labor markets. Opportunity & Inclusive Growth Institute advisor and University of Chicago professor Erik Hurst wants to know how we will adjust in the long run. Read @lisacamnermckay.bsky.social's interview: https://bit.ly/43d3pSs

What are the major trends determining the course of overall inflation? @jeffhorwich.bsky.social looks at durable goods, market-based services, and housing & utilities next to their recent historical performance. The results show why this is a challenging moment for policymakers. #EconSky

Regional Economic Conditions: Ag Credit Nov 14, 9-9:45am CT We survey farm lenders across our district quarterly to check the pulse of #agriculture in our region. Join regional economist Joe Mahon for a live webinar to discuss the latest results. Register: https://bit.ly/4nBbibZ

How might trade wars affect the natural interest rate in the short and long run? In our new Quarterly Review @neilmehrotra.bsky.social & Michael Waugh model how tariffs and retaliation raise cost of capital, leading to lower r* in near term & lower GDP over time. https://bit.ly/42gsD1I

How can state & local governments—especially in smaller cities & rural areas—support #housing production & affordability? On November 6, join us (in person in Bismarck, or via livestream) for an event featuring insights from national & state-level experts. https://bit.ly/3VT86wG.

Thanks to JP P. for this week's Views from the Ninth employee photo submission, taken of the trees lining the property of our building in #Minneapolis. 🍁 🍂

As part of its research on homeownership, the Center for Indian Country Development explored the impact of a U.S. Department of Agriculture partnership that lends Native CDFIs capital to provide low-cost federal mortgages. Read insights from the pilot : https://bit.ly/46X4Bua

Regional Economic Conditions: Ag Credit Nov 14, 9-9:45am CT We survey farm lenders across our district quarterly to check the pulse of #agriculture in our region. Join regional economist Joe Mahon for a live webinar to discuss the latest results. Register: https://bit.ly/4nBbibZ

How much of the weak-looking U.S. labor market is explained by falling #immigration? Only about half, finds our Principal Research Economist Simon Mongey. Many signs point to a labor market struggling broadly, well beyond the effects of migration changes. https://bit.ly/4olkp1A

On Oct 8–9, hundreds of leaders from across Indian Country, the Federal Reserve System, and beyond came together for the Center for Indian Country Development's tenth-anniversary event and data summit—with thousands more joining online. Event recording here: https://bit.ly/46olnDu 📸: Caroline Yang

“It is reasonable to conclude that when two elephants fight, some of the hens in the grass will suffer.”  Yewande Olapade @minneapolisfed.bsky.social discusses her research on the 2018-2019 US-China trade war and the impact on low-income countries. https://bit.ly/42I0iSo

Community engagement helps Fed decision-makers better understand Americans’ day-to-day economic experiences. Join Fed Communities on Thursday, November 6, for a conversation with Fed Governor Michael S. Barr about the value of community insights. https://bit.ly/3JoOwWE

WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: www.federalreserve.gov   www.youtube.com/federalreserve

Long-term #unemployment can be a desperate situation. Benefits expire, savings deplete, and debts grow. Our data dive in the latest For All looks at the share of unemployed workers who eventually enter long-term unemployment: https://bit.ly/42DHhk3

Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: www.federalreserve.gov

In 2024, low- and moderate-income buyers in the Twin Cities area who used financing to purchase homes faced a dwindling inventory of properties they could afford. New analysis from our housing research team looks at the factors that reduced affordability: https://t.co/4DON15ehXw

Thanks to Ruthie G. for this week's employee submission for our Views from the Ninth photo series. This was taken on the Mississippi River in Hastings, #Minnesota. In southeast Minnesota, Hastings sits near the confluence of the Mississippi, Vermillion, and St. Croix Rivers.

Join the thousands of for-profit small businesses that take the annual Small Business Credit Survey and help the #FederalReserve obtain vital info on the current business climate: https://bit.ly/3IBovTz

When a worker is out of a job, they face a decision about whether to search for a new one. In @oiginstitute.bsky.social's new For All, we take a look at the share of unemployed individuals who find a new job, exit the labor force, or remain unemployed for 27 weeks or more. https://bit.ly/42DHhk3

WATCH LIVE @ 2:00 PM ET: Open Board meeting on stress tests transparency: www.federalreserve.gov/aboutthefed/... and www.youtube.com/federalreserve

How does citizenship affect retirement savings? @erickgarcialuna.bsky.social shows U.S.-born & foreign-born workers don’t have equal access to 401(k)s & IRAs—except among top earners. Learn more: https://bit.ly/4jE6scp

@richmondfed.bsky.social John Bailey Jones’ latest research focuses on the surge in older Americans aging-in-place—a decision both sentimental and financial, with implications for housing markets and labor mobility. Read more in @jeffhorwich.bsky.social's For All spotlight. https://bit.ly/4hn36dS

As part of its research on homeownership, the Center for Indian Country Development explored the impact of a U.S. Department of Agriculture partnership that lends Native CDFIs capital to provide low-cost federal mortgages. Read insights from the pilot : https://bit.ly/46X4Bua

Congratulations to Fabrizio Perri, monetary advisor and deputy director, who has been named a fellow of the Econometric Society’s 2025 class of fellows. The organization works toward the advancement of economic theory in its relation to statistics and mathematics. Learn more: https://bit.ly/49gi1nZ

It's been an active year in the U.S. economy. Watching for clues to the economy’s direction is important in many sectors and of course at the Fed. But drivers of economic opportunity & inclusive growth often only come into view over time. More from @oiginstitute.bsky.social: https://bit.ly/475QG5i

Thanks to Alex P. for this week's Views from the Ninth employee photo submission. This photo was taken on the Bighorn River in Fort Smith, #Montana.

Mark your calendars for the @oiginstitute.bsky.social's 2025 Institute Research Conference, a showcase of frontier-style research that the Institute engages with and supports. Visit link for event info and to register ⬇️ https://bit.ly/4gSFopm