October 2025, No. 25-10
Supervisors anticipate most bank failures with a high degree of accuracy.
Featured
Podcast
Nov. 5, 2025
Andy Bauer, Renee Haltom, and Matt Martin share what they are hearing about economic conditions from their business contacts in the Fifth District. They also discuss variations in conditions by sector and region as well as how businesses currently view labor markets and price levels. Bauer, Haltom, and Martin are regional executives at the Federal Reserve Bank of Richmond.
Blog Post
November 4, 2025
How does Fifth District manufacturing activity vary by size? The Richmond Fed Manufacturing Survey found that large firms are more optimistic, including about the impact of recent tariffs, compared to small and mid-sized firms.
October 2025, No. 25-09
The authors develop a single-proposer noise bargaining game and embed it in a two-sector sovereign default model to find that hard defaults coincide with deeper and more protracted recessions.
October 2025, No. 25-08
Exploring the evolving significance of different production sectors within the U.S. economy since World War II provides methods for estimating and forecasting these shifts.
Fifth District Surveys of Manufacturing and Non-Manufacturing Activity
October 28, 2025
Manufacturing activity slowed in October while non-manufacturing activity was flat.
Since 2021, the Collaboration of Research Economists (CORE) model has combined frontier research and an innovative delivery method to advance collaboration within the economics profession. Economists from a range of disciplines join with Richmond Fed economists eight times per year for seminars, collaboration, and formal and informal networking — all with an eye toward advancing economic research.
Being a Research Associate at the Richmond Fed
Research Associates help the Richmond Fed's economists with their research and policy memos for briefing the Bank's president on the state of the economy. For recent graduates thinking about applying to a Ph.D. program, this position is an ideal way to learn more about academic economic research.