Economic Bulletin
Recent Bulletins
The Evolving Relationship between COVID-19 and Financial Distress
During most of the COVID-19 pandemic, regions with high financial distress saw disproportionately more infections and deaths...
Consumer Spending Declines, Shifts in Response to the Pandemic
Consumer spending plunged last spring as the pandemic swept through the United States. Although spending rebounded sharply in...
Hybrid Officing Will Shift Where People and Businesses Decide to Locate
Many businesses are likely to shift to hybrid officing following the pandemic, with employees working remotely several days...
Pandemic Relief Has Aided Low-Income Individuals: Evidence from Alternative Financial Services
Although low-income individuals are more likely to have lost their jobs due to the COVID-19 pandemic, pandemic relief efforts...
PPP Raised Community Bank Revenue but Lowered Profitability
Community banks have played an outsized role in the Paycheck Protection Program (PPP), disbursing 37 percent of all PPP loans...
Why Are Americans Saving So Much of Their Income?
For much of 2020, Americans have saved a greater share of their income than ever before. This increase in savings appears to...