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Increase your community impact

Hundreds of community-focused practitioners are registered for Policy Summit 2023 for its timely discussions, best practices, and research related to workforce and economic development, small businesses, and economic inclusion.

Be there June 21–23

Latest Numbers

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Median CPI

Change in median CPI:
+0.4% in April 2023

Change in 16% trimmed-mean CPI:
+0.3% in April 2023

See the data

Inflation Expectations

10-year expected inflation: 2.16%

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President’s Speech: Longer-Run Trends and the U.S. Economy

President Mester spoke at a Global Interdependence Center conference at the Central Bank of Ireland.

Infographic on Inflation

How does raising interest rates help to lower inflation? Economists from our Center for Inflation Research answer this question in this multimedia infographic.

Event
Evolving to Win Workers: Talent Attraction and Retention of Lower-wage and Noncollege Workers Today
Learn about post-pandemic hiring and retention challenges, particularly among lower wage workers or workers without a 4-year college degree.
Event
Cleveland Fed Conversations on Central Banking: Why is the Fed’s Inflation Target 2%?
The Federal Reserve Bank of Cleveland and its Center for Inflation Research hosted the next Cleveland Fed Conversations on Central Banking, on Wednesday, May 24, 2023 from 11:00 to 11:45 am EDT.
Economic Commentary
The Impacts of Supply Chain Disruptions on Inflation
Models used in this article find that aggregate demand and supply factors such as supply chain disruptions have contributed significantly to recent high inflation.
Economic Commentary
Trend Inflation and Implications for the Phillips Curve
Trend inflation has risen notably since 2021, leading to a higher Phillips curve slope and stronger link between inflation and inflation expectations.
Research
Economic Commentaries
Publications
Program on Economic Inclusion

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.

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Looking for your next opportunity? We’re proud to be ranked a top place to work in Northeast Ohio, offering the benefits you need and the work-life balance you want in addition to promoting an inclusive culture of diversity and acceptance. 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.

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One of the best places to work

I serve as a LEU officer because I care about others' safety. I really love helping people and working at the bank. It's one of the best places to work.

— April Carodine, Law Enforcement Unit Officer II
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, Software Developer II