The median Consumer Price Index rose 0.2% (2.0% annualized rate) in July. The 16% trimmed-mean Consumer Price Index also rose 0.2% (1.8% annualized rate) during the month. Current Median CPI
Attempting to use Fed routing numbers to pay bills could result in late fees or other penalty charges. Read more.
The latest Cleveland Fed Digest features Q&A about affirmative action bans and our latest on job growth in 2 metro areas. Read it now.
Emily Garr Pacetti was appointed vice president and CAO, effective July 31. Read more.
Regulators now use a framework for identifying systemically important banking institutions that is based on five broad measures of bank structure. Though size is only one of these equally weighted measures, it seems to be the focus of the most attention. This Commentary explores whether the other measures contribute unique information or whether size is all one needs to identify all the institutions whose failure could bring down the financial system. Read More
Overall, economic conditions were stable in the Cleveland metro area during the first half of 2017. While employment growth has been weak, the unemployment rate has declined in recent months. The housing market remains strong, with both home price growth and the number of building permits issued at or near their highest levels since the recovery began in June 2009. Read More
The Cincinnati metro area continues to perform more strongly than Ohio across various metrics. Compared to Ohio, Cincinnati's unemployment rate and credit card delinquency rate are lower, while its home price values and payroll employment growth are higher. Read More
The Regional Food Systems event will discuss the ways communities use regional food strategies to advance economic and community goals and explore models for collaboration across sectors.
The Federal Reserve Bank of Cleveland, Office of Financial Research, and the University of Maryland’s Robert H. Smith School of Business invite you to attend the 2017 Financial Stability & FinTech Conference on November 30 – December 1, 2017, in Washington, D.C. This year’s conference will highlight research and facilitate discussions on the financial stability implications of financial innovation on policy and regulation.
