Discussion Paper
Supply vs Demand Factors Influencing Prices of Manufactured Goods
Braun, Robin; Flaaen, Aaron; Hacioglu Hoke, Sinem (2024-02-23)
The strong surge and rapid retreat of U.S. goods price inflation during 2021-2023 has occupied the forefront of economic policy discussions, and debate on the primary causes continues. Some commentators point to widespread supply bottlenecks and adverse geo-political events that caused significant disruption to the production and availability of manufactured goods.
FEDS Notes , Paper 2024-02-23-1

Discussion Paper
A Better Way of Understanding the US Consumer: Decomposing Retail Sales by Household Income
Hacioglu Hoke, Sinem; Feler, Leo; Chylak, Jack (2024-10-11)
Changes in retail spending reflect changes in consumer demand for goods. For the past several months, retail sales estimates published by the Census Bureau have indicated that consumer demand for retail goods remains resilient. However, published measures do not provide details on which consumers’ spending has remained resilient. Using a detailed micro dataset, we construct a measure of average retail spending for low-, middle- and high-income households.
FEDS Notes , Paper 2024-10-11