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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: 2.34%

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Median PCE Inflation

Median PCE inflation rate
+0.2% in May 2025

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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.

President Beth M. Hammack
President’s Speech: Community Development: Paying It Forward

President Hammack gave opening remarks at the Cleveland Fed’s Policy Summit on June 26, 2025.

Analyzing small business data across firm and owner characteristics can provide a helpful framework for understanding business experiences and credit outcomes. View the 2025 Firms in Focus chartbooks from the 2025 Small Business Credit Survey.
Easily compare small business data in new Fed chartbooks

Analyzing small business data across firm and owner characteristics can provide a helpful framework for understanding business experiences and credit outcomes. View the 2025 Firms in Focus chartbooks from the 2024 Small Business Credit 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