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Site title: FRED Blog | Interesting graphs from the FRED library

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The Federal Reserve has a dual mandate from Congress: stable prices and full employment.

For the first objective, what prices should the Fed keep stable? There are many to choose from. Although they’re obviously correlated, they do deviate from each other, especially in the short run.

The Fed and specifically the FOMC look at many price indexes, but...


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The takeaway

Labor is used in production, and measuring the costs of that labor is important for business decisionmaking. There are several ways to measure these costs, and it’s important to know their differences.

Three forms of labor cost data

To understand the changes in the cost of labor, researchers commonly ...


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U.S. employment growth in the first quarter of 2026 accelerated slightly to 0.2% relative to one year ago. However, the national average masks significant variation in job growth across the 50 states: 21 of the 50 states had job growth, 28 had job losses, and 1 state (Delaware) had no change relative to one year ago. The median state had a slight job loss of 0.05%.

Th...


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The takeaway

The market value of US Treasury securities is considered a benchmark for setting other borrowing costs, such as mortgages. It’s considered a benchmark because the US government has not failed to make good on its Treasury debt obligations. So it serves as a baseline for determining the value of other types of securities with higher ...


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The takeaway

Firms have intensified their research and development during the AI boom. They’ve reduced their cash holdings, too, likely to pay for R&D. In this post, we use FRED data to explore these trends and the future of AI-related investment.

Background research

Two recent posts from the St. Louis Fed off...


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