Cincinnati is seeing strong, sustained growth, says Cleveland Fed economist Guhan Venkatu
Cincinnati-area employment expanded by 2 percent in 2014 and 2015, leading the area to exceed its pre-recession employment peak, according to Federal Reserve Bank of Cleveland Senior Regional Officer Guhan Venkatu. In addition, Venkatu says Cincinnati-area home prices have been rising at an annual rate of about 5 percent, and consumer debt levels have stabilized significantly.
For more of Venkatu’s insights on economic conditions in the Cincinnati area, see our latest Cincinnati Metro Mix.
And in case you missed them, check out these Forefront articles about the region served by the Cleveland Fed—Ohio, eastern Kentucky, western Pennsylvania, and the northern panhandle of West Virginia.
Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.
The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.
Doug Campbell, email@example.com, 513.455.4479