Economic Bulletin
Recent Bulletins
A Break in the Link Between Gasoline Prices and Inflation Expectations
The historical relationship between gasoline prices and inflation expectations reversed in 2025.
Mass Layoffs Can Disproportionately Disrupt Small Communities
Sizable layoffs typically produce more significant and persistent economic outcomes in smaller counties.
A New U.S. Productivity Chapter? What Industry Data Say About AI
AI adoption aligns with faster productivity growth across industries but has yet to explain the aggregate gain in productivity.
Inflation Persistence as an Outcome of Monetary Policy
A muted monetary policy response may explain inflation persistence during 2021–22.
Introducing New Monthly Estimates of the Natural Rate of Interest and Natural Unemployment Rate
The Kansas City Fed’s measures of r* and u* provide more timely data on labor market tightness and the stance of monetary policy.
Who Uses AI for Pricing?
Larger firms are more likely to use AI to set prices, and firms that have adopted AI have grown larger and more profitable.
Permissions
Economic Bulletins may be reprinted if the source is credited and the Public Affairs Department of the Federal Reserve Bank of Kansas City is provided with copies. Permission to photocopy is unrestricted.