Wages may be up, but so is the cost of housing and necessary goods. Also, nonprofits struggle to keep the staff who serve those in need. Read more.
President Mester discusses “The Great Recalibration of U.S. Monetary Policy” at a European Central Bank forum. Read more
The median consumer price index rose 0.5% (6.5% annualized rate) in April 2022. The 16% trimmed-mean consumer price index rose 0.4% (5.5% annualized rate) during the month. Current Median CPI
President Mester discusses “The FOMC’s Plan for Significantly Reducing the Federal Reserve’s Securities Holdings” at the Federal Reserve Bank of Atlanta 2022 Financial Markets Conference Read more
Is the country’s recent slow labor force growth an anomaly or a harbinger of what’s to come? Find out
The size of the US labor force declined by 2.3 million people between December 2019 and December 2021. Our experts examine demographic changes to determine if this decline is a passing trend or if it’s here to stay. Read More
Despite expectations that supply chain challenges would have subsided, disruptions continue. In response, some firms are making changes to the way that they manage their supply chains, and these changes are expected to be long-lasting. Read More
Inflation expectations have an impact on one’s economic behavior. We show that the inflation expectations of professional forecasters and consumers are predicted by very different prices. While professional forecasters weigh prices similar to the consumer price index, consumers seem to focus on prices they see more often, such as those for food and new vehicles. These are also prices that have seen disproportionally high volatility since the onset of the pandemic. We argue that heterogeneity in the importance of component-specific inflation can have relevant economic implications and disproportionate effects on consumers’ inflation expectations that can, in turn, affect economic behavior. Read More
The CRA gets its first major update in more than 25 years.
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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
