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  • MCPI 2015-2

    August 2019 Median CPI Release

    The median Consumer Price Index rose 0.2% (2.6% annualized rate) in August. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.3% annualized rate) during the month. Current Median CPI

  • Exploring a Decade of Contract for Deed Sales in the Midwest

    When securing a traditional mortgage is not possible, a contract for deed may offer another pathway to homeownership. Read what three Federal Reserve researchers learned about the reemergence of this financing practice in a working paper originally presented at a Harvard symposium. Read more

  • Get it while it’s hot

    Thousands of subscribers receive our e-newsletter containing our latest research, a Q&A with a Bank expert, upcoming events, and more. See the latest, then subscribe.

  • New Community Development program

    Did you know that we bring together community organizations and funders to address the current and future needs of low-income communities? Find out about Investment Connection.

  • Cleveland Fed’s Center for Inflation Research announces improved website and establishment of advisory council

    The Center’s new website offers more information and user-friendly commentary highlighting national price trends and key data series. Read more.

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  • Proposed Solutions for Breaking the Cycle of Poverty

    Adiah Bailey

    How can we minimize the barriers that trap people in the cycle of poverty? The answer, at least in part, is a combination of providing access to resources and transportation. Read More

  • Looking beyond Data to Understand Economic Mobility

    Lucas Misera

    When living on the “wrong” side of a road can make a world of a difference, the proactive and hyper-local work of community development practitioners is essential for sparking change. Read More

  • Cyclical versus Acyclical Inflation: A Deeper Dive

    Saeed Zaman

    This Commentary builds on recent research separating the components of overall inflation into cyclical and acyclical categories, but it does so at a finer level of disaggregation than previous analyses to understand recent inflation developments in the two categories. The inflation rate among cyclically sensitive subcomponents, which comprise roughly 40 percent of overall core PCE inflation, has generally continued to firm in recent years in line with a strengthening labor market and has returned to near pre-Great Recession levels. By contrast, the inflation rate among the acyclical subcomponents remains subdued. A modest firming in acyclical core PCE inflation to a more normal level, combined with ongoing strength in the labor market, would be enough to return core PCE inflation to 2 percent within approximately one year. Read More


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