News from the Fed

  • Cleveland Fed Experts Review District Economy in Three Minutes
  • Your District. Your Data. Three economists from the Federal Reserve Bank of Cleveland analyze and summarize regional economic data in the Fourth District Metro Mix—there’s both a video and print/online component. Read more
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  • Cleveland Fed Estimates of Expected Inflation
  • The Federal Reserve Bank of Cleveland reports that its latest estimate of 10-year expected inflation is 1.87 percent. In other words, the public currently expects the inflation rate to be less than 2 percent on average over the next decade. Read more
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  • Median CPI up 0.2% in March
  • The Federal Reserve Bank of Cleveland reports the median Consumer Price Index rose 0.2% (2.6% annualized rate) in March. The 16% trimmed-mean Consumer Price Index also increased 0.2% (2.4% annualized rate) during the month.  (PDF)
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  • Income growth in poor neighborhoods influenced by the metro areas that surround them, say Cleveland Fed researchers
  • Just as an individual’s outcomes might be strongly influenced by the neighborhood in which he or she resides, a neighborhood’s outcomes might be influenced by broader trends in the surrounding metro area, say Federal Reserve Bank of Cleveland researchers Dionissi Aliprantis, Kyle Fee, and Nelson Oliver. Read more
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Consumer Help
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Cleveland Fed Experts Review Regional Economy in Three Minutes

Cleveland, Cincinnati, and Pittsburgh metro areas are profiled in Metro Mix updates, with print and video components.
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The Federal Reserve: Policy Approaches Then and Now

Speaking at the University of Dayton’s RISE 14, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed the Federal Reserve’s monetary policy actions and how they have adapted and evolved over the Fed’s 100 year history.
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Loretta J. Mester Named President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Effective June 1, 2014

The Federal Reserve Bank of Cleveland announced that Loretta J. Mester has been appointed President and Chief Executive Officer, effective June 1.
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Career Opportunities

Learn more about the opportunities to make a difference with the Federal Reserve Bank of Cleveland.

  • Median CPI
  • Credit Easing
  • CFSI
  • Inflation Expectations

Median Consumer Price Index

A more accurate measure of the underlying inflation trend. 

Median Consumer Price Index

Credit Easing Policy Tools

Compare the amounts of different assets on the Federal Reserve balance sheet, from T-bills to mortgage-backed securities. 

Median Consumer Price Index

Cleveland Financial Stress Index
 
04/15: -0.335

0.684 increase
over the past seven days   

Chart.

Estimates of Inflation Expectations

Estimates of inflation expectations, the real interest rate, and the inflation risk premium. 

Median Consumer Price Index

Latest Economic Research

  • Which Poor Neighborhoods Experienced Income Growth in Recent Decades? 
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  • Why has average income grown in some poor neighborhoods over the past 30 years and not in others? We explore that question and find that low-income neighborhoods that experienced large improvements in income over the past three decades tended to be located in large, densely populated metro areas that grew in income and population. Residential sorting—changes in population and demographics within neighborhoods—could help to explain this relationship. Read more  (PDF)  
  • Money Market Mutual Funds and Financial Stability 
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  • In the wake of Lehman Brothers? failure in September of 2008, a money market mutual fund (MMMF) called the Reserve Primary Fund experienced substantial outflows. Five years after the crisis, where do MMMFs stand? Are they taking on sources of risk that could pose a problem in the future? Are they sufficiently liquid to deal with sudden outflows or runs? The riskiness of the funds and their ability to meet sudden liquidity requirements are two litmus tests of stability and resiliency for the financial industry. In this article, we address these questions by comparing the aggregate portfolios of two types of MMMFs, prime institutional and prime retail funds, before and after the crisis. Read more  
  • What’s behind the Decline in Tri-party Repo Trading Volumes? 
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  • The tri-party repo market is a platform where security-rich borrowers are matched with cash-rich lenders. At its peak, around $2 trillion worth of securities changed hands daily in this market.Often referred to as the bloodline and plumbing of the financial system, the tri-party repo market motivated a number of policy interventions during the recent financial crisis after the potential for disruptions in the market threatened to interrupt funding flows. Here we look at what is happening currently in this important market. Read more  

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