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  • This Just In

    The latest Cleveland Fed Digest shares a Q&A on faster payments and the details of a book penned by students who interned here. Read it now.

  • President’s Speech:

    President Mester discusses “The Federal Reserve System and Community Development: The Why, The How, and The What” at the 2017 Policy Summit on Housing, Human Capital, and Inequality in Cleveland, Ohio Read more

  • MCPI 2015-2

    May 2017 Median CPI Release

    The median Consumer Price Index rose 0.2% (2.2% annualized rate) in May. The 16% trimmed-mean Consumer Price Index rose 0.1% (1.2% annualized rate) during the month. Current Median CPI

  • Cleveland Fed Announces Officer Promotions

    Congratulations to Ellis Tallman, Todd Clark, Bruce Fallick, and Edward S. Knotek II in the Research Department and Guhan Venkatu at our Pittsburgh Branch! Read more.

  • Cleveland Fed Named a Best-in-Class Winner for Workforce Diversity

    The recognition was awarded by the Commission on Economic Inclusion. Read more.

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  • Columbus—Local Labor Market Remains Robust

    Guhan Venkatu Christopher Vecchio

    The labor market in the Columbus metro area continues to be strong. In March, the area’s unemployment rate fell to its second-lowest level (3.9 percent) since the early 2000s. As of third quarter 2016, year-over-year employment in the metro area expanded by 2.2 percent—twice as strong as Ohio’s rate of employment growth during the same period. The issuance of residential building permits improved in 2016 and has been strong through the first three months of 2017, while home prices rose roughly 5 percent in the area in March on a year-over-year basis. Finally, the metro area’s income and GDP growth accelerated in 2015. Read More

  • Toledo—Improving Housing Market and Employment Situation

    Joel Elvery Christopher Vecchio

    According to the most recent data, economic growth in the Toledo metro area has been strong during the past year, with the metro area outperforming the state as a whole on a number of indicators. This is partially due to the metro area’s concentration of auto and glass manufacturing, industries that grew more strongly in 2016 than manufacturing as a whole. But that is not the whole story—Toledo also had strong growth in financial activities and professional and business services. The region’s solid employment growth since mid-2014 is also reflected in its housing market, where prices are rising almost as fast as in the nation. Read More

  • Latest update on federal funds rates based on 7 simple monetary policy rules: Cleveland Fed

    Our tool also allows users to customize their own simple policy rule and forecast Read More

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