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Engaging with the people and region we serve

It’s our job to understand how the economy affects the communities and businesses of the Fourth District. Find out how we do it.

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Latest Inflation Numbers

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Inflation Expectations

10-year expected inflation: 2.33%

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Median CPI

Change in median CPI:
+0.3% in June 2025

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

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President Beth M. Hammack
President’s Speech: The Cleveland Fed’s Excellent Community Development Adventure

President Hammack gave keynote remarks at the Cuyahoga County Community College’s Corporate College 20-Year Anniversary Celebration on July 16, 2025.

Intelligent routing: a key promise of payment hubs
Intelligent routing: a key promise of payment hubs

By using payment hubs linking to multiple payments services, banks can offer intelligent routing of payments based on customer needs.

 
Shipping containers with a crane.
Anticipated impact of tariffs and new immigration policy

Firms in our region expect higher tariffs to weigh on business but say the effect of new immigration policy on finding workers has been minimal, according to a Cleveland Fed survey.

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.
Cleveland Fed District Data Brief
Dodging the “Doom Loop”: How Local Funding for Ohio’s Public Schools Might Be Protected Against a Decline in Commercial Property Values
How much would a potential decline in commercial property values affect funding for Ohio’s public schools? This District Data Brief takes a closer look.
Notes from the Field
Many Needs, One Stop: How Some Nonprofits Are Responding to Clients’ Multiple Challenges—with Success
Based on insights obtained from outreach conducted during 2024 and early 2025, this article highlights the innovative ways that nonprofit organizations are responding to the myriad needs of clients and measuring impact.
Notes from the Field
Pittsburgh Is Aiming for an A+ in Financial Education: Lessons from the Steel City
In Pittsburgh, various organizations are working to boost access to financial education, echoing the broader trend across Pennsylvania.
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