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Discussion Paper
Global Asset Prices and Taper Tantrum Revisited
Global asset market developments during the summer of 2013 have been attributed to changes in the outlook for U.S. monetary policy, starting with former Chairman Bernanke’s May 22 comments concerning future curtailing of the Federal Reserve’s asset purchase programs. A previous post found that the signal of a possible change in U.S. monetary policy coincided with an increase in global risk aversion which put downward pressure on global asset prices. This post revisits this episode by measuring the impact of changes in Fed’s expected policy rate path and in the economic outlook on the ...
Journal Article
Hiring in Oklahoma Slows, but Unemployment Remains Low
Job gains in the U.S. slowed in 2025, due to both supply and demand factors. Although employment is growing at a steady pace in Oklahoma, hiring has slowed recently to historic lows, reflecting reduced labor market churn. This edition of Oklahoma Economist uses data from the Kansas City Fed's manufacturing and services surveys to examine the underlying causes of this hiring slowdown.