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BOTS: a tool for analyzing regional business conditions

The Business Outlook and Trends Survey is a business questionnaire, fielded with local partners, that we use to better understand the economic outlook in Fourth District communities.

See what it reveals

Latest Inflation Numbers

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Inflation Expectations

10-year expected inflation: 2.29%

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Median CPI

Change in median CPI:
+0.3% in August 2025

Change in 16% trimmed-mean CPI:
+0.3% in August 2025

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Respond now! Small Business Credit Survey
Small business owners: Take this survey

The Federal Reserve’s 2025 Small Business Credit Survey is now open. Please complete this confidential survey to bring data and insights that directly inform the Fed, federal government agencies, service providers, policymakers, and others.

A collage of locations around the Fourth District.
The Human Factor: Why the Fed’s Work Isn’t All Numbers and Data

It’s the Cleveland Fed's job to understand how the economy affects the communities and businesses of the Fourth District. Here's a bird's-eye view of how we do it.

What do we know about property investors?
What do we know about property investors?

Investor purchases of single-family homes tend to be in low- and moderate-income areas and often in cash, according to a Community Development report on investor hotspots in the region.

Event
Fed Talk: A Conversation with Federal Reserve Bank of Cleveland President Beth Hammack
Join us for a conversation with Beth Hammack, president and CEO of the Federal Reserve Bank of Cleveland, to discuss the critical functions of Reserve Banks, the state of the economy, and ways Reserve Banks engage with the public.
Economic Commentary
Consumer Inflation Expectations Across Surveys and over Time
Economists find that divergences across survey-based measures of consumer inflation expectations can be attributed to features and sample characteristics specific to each survey.
Event
Fed Talk: Meeting the Workforce Needs of In-demand Industries in Ohio
Join us for a discussion of the innovative ways that communities are working together to expand workforce pipelines for in-demand industries, using the semiconductor and related industries in Ohio as an example.
Notes from the Field
Gathering Perspectives on Work in the Fourth District
To learn more about workers’ labor market experiences in the Fourth District, the Cleveland Fed conducted an online survey in the fall of 2024.
Research
Economic Commentaries
Publications
The Center for Inflation Research

A stable economy for all

That’s our goal at the Cleveland Fed. Serving the Fourth Federal Reserve District, we strive to ensure the health of our monetary system through our role in regulating financial institutions, and we promote education and community development through research and programming.

Our work
Beth M. Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland

Leadership
An entrance to the Federal Reserve Bank of Cleveland.

History

Work with us

Looking for your next opportunity? We’re proud to be ranked a top place to work in Northeast Ohio. Join us in our mission to strengthen the economic performance of the nation and our region and make a positive impact on the communities we serve.

Our careers
Engaging and rewarding

Working as a software developer for the bank in Information Technology is engaging and rewarding. I get to build valuable solutions for customers while working with a team who foster creativity, innovation, and learning. There is never a dull moment in IT.

— Frank Cerny, Solution Architect Advanced