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  • FedTalk: The Opioid Epidemic and Its Effects on the Labor Market

    Join us on March 25 at our Cleveland office for a presentation on what the Cleveland Fed has learned as we seek to gain a better understanding of the opioid epidemic and, specifically, its effect on workers' participation in the labor force. Read More

  • MCPI 2015-2

    February 2019 Median CPI Release

    The median Consumer Price Index rose 0.3% (3.2% annualized rate) in February. The 16% trimmed-mean Consumer Price Index rose 0.2% (1.9% annualized rate) during the month. Current Median CPI

  • Cleveland Fed announces appointments to its Community Depository Institutions Advisory Council

    The CDIAC is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District. ​ Read more

  • Cleveland Fed announces officer promotions and organizational changes

    Cleveland Fed announces organizational changes in eGov, Human Resources, and Supervision, Credit Risk and Statistics. Read more

  • Federal Reserve Banks release report on experiences of nonemployer small businesses

    These firms, which make up 81% of small businesses, can include gig workers, startups that are planning to hire employees, and mature businesses that rely on contract workers, among others. Read more.

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  • Financial Statements for the Federal Reserve Bank of Cleveland


    The Federal Reserve System released the 2018 annual financial statements for the 12 Federal Reserve Banks, individually and combined, as well as for the Board of Governors. Read More

  • Custom Comparison Groups in the Integrated Postsecondary Education Data System


    Peter L. Hinrichs

    This Economic Commentary studies the behavior of colleges when they are asked to list a set of comparison group colleges in annual data reporting for the US Department of Education but are given little direction on how to do so. I find that, relative to themselves, colleges tend to list for comparison colleges that are more selective, are larger, and have better resources. One possible interpretation of these findings is that colleges overestimate where they stand relative to others, although an alternative interpretation is that colleges have accurate views but list comparison institutions based on aspirations. Read More

  • What Is Behind the Persistence of the Racial Wealth Gap?


    Dionissi Aliprantis Daniel R. Carroll

    Most studies of the persistent gap in wealth between whites and blacks have investigated the large gap in income earned by the two groups. Those studies generally concluded that the wealth gap was “too big” to be explained by differences in income. We study the issue using a different approach, capturing the dynamics of wealth accumulation over time. We find that the income gap is the primary driver behind the wealth gap and that it is large enough to explain the persistent difference in wealth accumulation. The key policy implication of our work is that policies designed to speed the closing of the racial wealth gap would do well to focus on closing the racial income gap. Read More

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