2023 OFR Annual Report

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2023 OFR Annual Report

OFR Finds Elevated Threats to U.S. Financial Stability Due to Inflation, Ongoing Geopolitical Risks, and Global Conflicts

The 2023 OFR Annual Report discusses our assessment of risks associated with the U.S. financial system and reviews the performance of the OFR.

Financial-stability risks have increased since last year’s report and remain elevated in 2023. Multiple indicators signal an upcoming economic slowdown—potentially magnified by persistent inflation, ongoing geopolitical risks, and global conflicts.

Read more about our assessment of economic indicators, financial markets and institutions, digital assets, and cybersecurity.

Read the Annual Report

Read the Press Release

About the OFR

The Office of Financial Research (OFR) helps to promote financial stability by looking across the financial system to measure and analyze risks, perform essential research, and collect and standardize financial data.

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