The median consumer price index rose 0.5% (6.5% annualized rate) in July 2022. The 16% trimmed-mean consumer price index rose 0.4% (5.5% annualized rate) during the month. Current Median CPI
Perhaps unsurprisingly, higher-quality jobs often retain the workers who have them. But lower-quality jobs affect their workers, too. Read how.
The Federal Reserve will never contact an individual for bank account details. Visit our fraud awareness page to learn more.
That’s one moment shared in this month’s Cleveland Fed Digest. Read the roundup for our latest on inflation, small businesses, and a deadline that’s approaching.
The median consumer price index rose 0.7% (9.1% annualized rate) in June 2022. The 16% trimmed-mean consumer price index rose 0.8% (10.1% annualized rate) during the month. Current Median CPI
Should policymakers aim to expand access to bank accounts? When financial exclusion is due to frictions that prevent banking from operating efficiently, intervention may be justified. Applying simple economic principles, we highlight possible frictions that may give rise to inefficient exclusion in the United States, and we assess their importance using insights from data and the academic and policy literature. Read More
Seventy-five percent of employer firms tried to hire workers in 2021; close to half called the experience “very difficult.” In response, firms most often increased wages or shifted more work to existing employees. Read More
Businesses owned by people of color faced more financial and operational challenges than their white-owned counterparts and often were less successful at obtaining the funding needed to weather the effects of the pandemic. Read More
The CRA gets its first major update in more than 25 years.
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Join us on September 15, noon to 1:00pm, to learn about the Cleveland Fed’s annual internship program.
The Inflation: Drivers and Dynamics 2022 conference, co-sponsored by the Center for Inflation Research and the European Central Bank will take place on September 29-30, 2022 in Cleveland, OH.
The Federal Reserve Bank of Cleveland is sponsoring the Annual Conference on Real-Time Data Analysis, Methods, and Applications in Macroeconomics and Finance to be held in Cleveland, Ohio, at the Cleveland Reserve Bank on Thursday and Friday, October 6–7, 2022.
The Federal Reserve Bank of Cleveland and the Office of Financial Research will host their 10th annual financial stability conference on November 17–18, 2022. This year’s conference is titled Financial Stability: Frontier Risks, a New Normal, and Policy Challenges.
To recommend a candidate to serve on one of the Federal Reserve Bank of Cleveland’s boards of directors, advisory councils, or other forms of engagement with the Federal Reserve Bank of Cleveland, complete and submit this form
