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* Indicators and Data
We produce indicators and datasets to inform the public, policymakers, and
researchers about economic conditions, including inflation, employment, and
risks to the financial system.
* Inflation
* Median CPI
* Median PCE Inflation
* Inflation Expectations
* Survey of Firms' Inflation Expectations
* Inflation Nowcasting
* Inflation Charting
* Inflation 101
* National economy
* Yield Curve and GDP Growth
* Simple Monetary Policy Rules
* Systemic Risk Indicator
* Credit Easing
* Consumers and COVID-19
* Economic Inclusion Charts and Indicators
* All indicators
* Regional and community
* Regional Data
* Small Business Credit Survey
* Community Issues Survey
* Opportunity Occupations
* Home Mortgage Explorer
* INFLATION QUESTIONS?
Visit our Center for Inflation Research for all things inflation—from
general information on how inflation works and why it matters to the latest
data and analysis on current inflationary trends.
* Research and Analysis
Our research informs the public and policymakers by examining economic issues
of importance to those in our local communities, across the nation, and
around the world.
* Research groups
* Economists
* Research
* Community Development
* Regional Analysis
* Program on Economic Inclusion
* Center for Inflation Research
* Small Business Credit Survey
* All departments
* By publication
We publish research and analyses to keep audiences informed of economic
trends in our region and nationwide. View latest releases or explore our
archive.
* Economic Commentaries
* Working Papers
* Research in Brief
* Community Development Reports
* Cleveland Fed District Data Brief
* President’s Speeches
* Regional Policy Report
* Beige Book
* All publications
* Events
* Conversations on Central Banking
* Economic Scholars Program
* FedTalk
* Financial Stability Conference
* Inflation: Drivers and Dynamics
* All Research events
* INFLATION QUESTIONS?
Visit our Center for Inflation Research for all things inflation—from
general information on how inflation works and why it matters to the latest
data and analysis on current inflationary trends.
* Region and Community
We represent and gather information from the Fourth Federal Reserve District,
spanning Ohio and parts of Pennsylvania, West Virginia, and Kentucky. These
resources are useful for our region, the communities we serve, and
communities across the United States.
* Our region
Learn about our work to advance understanding of economic trends affecting
the Fourth District.
* Regional Analysis
* Beige Book
* Industrial Heartland
* Annual Reports
* Request a Speaker
* Data at a Glance
* Our communities
The Cleveland Fed offers numerous resources to promote economic opportunity
for residents across our region and the US.
* Community Development
* Advisory Councils
* Program on Economic Inclusion
* Small Business Credit Survey
* Office of Diversity, Equity, Inclusion and Opportunity
* Events
Hear from local leaders and community development experts about economic
problems their communities face and the solutions they are putting forth.
* Policy Summit
* FedTalk
* All events
* By topic
Looking for the Fed’s work on a particular subject? Narrow your search to
the areas that interest you.
* Banking
* Businesses
* Economic and Workforce Development
* Housing
* People and Households
* Small Business
* Education
Learn economic basics, dive into inflation, and get educational resources and
games for yourself or to share with others.
* What’s new?
Explore the latest educational resources from the Cleveland Fed—from
interactive articles and video explainers to games and virtual exhibits.
* Inflation 101
* Virtual Exhibits
* Financial Literacy and Career Readiness
Browse the Cleveland Fed’s suite of programs and resources for informative
ways to learn about personal finance or career readiness.
* Career Readiness
* Financial Literacy Curriculum
* Financial Literacy Resources
* Visits and tours
Visit us virtually or in person to learn more about our history and our
ongoing work to promote financial literacy throughout our region.
* Visit the Education and Learning Center
* Explore our virtual exhibits
* FINANCIAL LITERACY CURRICULUM
Learn more about resources supporting required high school financial
literacy courses.
* Banking and Payments
We supervise and regulate financial institutions, support American consumers’
financial security, and maintain the financial stability and payment systems
for the US Treasury.
* Banking research and tools
The Cleveland Fed provides a range of tools for tracking trends in the
lending environment.
* Small Business Credit Survey
* Home Mortgage Explorer
* Systemic Risk Index
* For consumers
Learn about the resources we offer to help people in the community navigate
the financial system.
* Protecting Yourself from Fraud
* How to File a Complaint
* My Financial Institution's CRA Rating
* For financial institutions
Understand the various requirements for Fed-chartered financial
institutions and discover the range of services available to them—from cash
services and reserve balance data to the discount window.
* Application Filings and Notices
* Submitting Regulatory Reports
* Discount Window and Collateral
* Reserve Account Management and Payment System Risk
* Cash Services
* All financial institution resources
* Supporting the financial system
Find out how the Cleveland Fed supervises and regulates member banks to
ensure financial-system stability and support the US Treasury.
* Supervision and Regulation
* Becoming a State Member Bank
* Supporting the US Treasury
* Cybersecurity
* About Us
We serve the American people as part of the US central bank. We support the
US economy and our region by studying economic conditions and issues that
impact our communities, serving financial institutions, and providing
economic education and resources for all.
* Our leadership
Meet the individuals leading our mission, including the president and
executive leadership team, advisory council members, and the boards of
directors of each Cleveland Fed branch.
* Loretta J. Mester, President and CEO
* Officers
* Directors
* Advisory Councils
* Our work in the community
Community outreach is central to the Fed’s mission. Find out about new
programs, upcoming events, and other ways to connect with us.
* FedTalk
* Student Programs
* Speakers Bureau
* Who we are
The Fed does far more than inform monetary policy. Learn about the mission,
structure, and role of our organization, both regionally and nationally.
* What We Do
* Departments
* Federal Reserve System
* Corporate Governance and Transparency
* We have a long-standing commitment to diversity, equity, inclusion, and
opportunity for our employees and the communities we serve.
* Presidential Search
* Diversity & Inclusion
* News & Events
* Careers
* Subscribe
* Indicators & Data
INDICATORS AND DATA
We produce indicators and datasets to inform the public, policymakers, and
researchers about economic conditions, including inflation, employment, and
risks to the financial system.
INFLATION
* Median CPI
* Median PCE Inflation
* Inflation Expectations
* Survey of Firms' Inflation Expectations
* Inflation Nowcasting
* Inflation Charting
* Inflation 101
NATIONAL ECONOMY
* Yield Curve and GDP Growth
* Simple Monetary Policy Rules
* Systemic Risk Indicator
* Credit Easing
* Consumers and COVID-19
* Economic Inclusion Charts and Indicators
All indicators
REGIONAL AND COMMUNITY
* Regional Data
* Small Business Credit Survey
* Community Issues Survey
* Opportunity Occupations
* Home Mortgage Explorer
INFLATION QUESTIONS?
Visit our Center for Inflation Research for all things inflation—from general
information on how inflation works and why it matters to the latest data and
analysis on current inflationary trends.
* Research & Analysis
RESEARCH AND ANALYSIS
Our research informs the public and policymakers by examining economic issues
of importance to those in our local communities, across the nation, and
around the world.
RESEARCH GROUPS
* Economists
* Research
* Community Development
* Regional Analysis
* Program on Economic Inclusion
* Center for Inflation Research
* Small Business Credit Survey
All departments
BY PUBLICATION
We publish research and analyses to keep audiences informed of economic
trends in our region and nationwide. View latest releases or explore our
archive.
* Economic Commentaries
* Working Papers
* Research in Brief
* Community Development Reports
* Cleveland Fed District Data Brief
* President’s Speeches
* Regional Policy Report
* Beige Book
All publications
EVENTS
* Conversations on Central Banking
* Economic Scholars Program
* FedTalk
* Financial Stability Conference
* Inflation: Drivers and Dynamics
All Research events
INFLATION QUESTIONS?
Visit our Center for Inflation Research for all things inflation—from general
information on how inflation works and why it matters to the latest data and
analysis on current inflationary trends.
* Region & Community
REGION AND COMMUNITY
We represent and gather information from the Fourth Federal Reserve District,
spanning Ohio and parts of Pennsylvania, West Virginia, and Kentucky. These
resources are useful for our region, the communities we serve, and
communities across the United States.
OUR REGION
Learn about our work to advance understanding of economic trends affecting
the Fourth District.
* Regional Analysis
* Beige Book
* Industrial Heartland
* Annual Reports
* Request a Speaker
* Data at a Glance
OUR COMMUNITIES
The Cleveland Fed offers numerous resources to promote economic opportunity
for residents across our region and the US.
* Community Development
* Advisory Councils
* Program on Economic Inclusion
* Small Business Credit Survey
* Office of Diversity, Equity, Inclusion and Opportunity
EVENTS
Hear from local leaders and community development experts about economic
problems their communities face and the solutions they are putting forth.
* Policy Summit
* FedTalk
All events
BY TOPIC
Looking for the Fed’s work on a particular subject? Narrow your search to the
areas that interest you.
* Banking
* Businesses
* Economic and Workforce Development
* Housing
* People and Households
* Small Business
* Education
EDUCATION
Learn economic basics, dive into inflation, and get educational resources and
games for yourself or to share with others.
WHAT’S NEW?
Explore the latest educational resources from the Cleveland Fed—from
interactive articles and video explainers to games and virtual exhibits.
* Inflation 101
* Virtual Exhibits
FINANCIAL LITERACY AND CAREER READINESS
Browse the Cleveland Fed’s suite of programs and resources for informative
ways to learn about personal finance or career readiness.
* Career Readiness
* Financial Literacy Curriculum
* Financial Literacy Resources
VISITS AND TOURS
Visit us virtually or in person to learn more about our history and our
ongoing work to promote financial literacy throughout our region.
* Visit the Education and Learning Center
* Explore our virtual exhibits
FINANCIAL LITERACY CURRICULUM
Learn more about resources supporting required high school financial literacy
courses.
* Banking & Payments
BANKING AND PAYMENTS
We supervise and regulate financial institutions, support American consumers’
financial security, and maintain the financial stability and payment systems
for the US Treasury.
BANKING RESEARCH AND TOOLS
The Cleveland Fed provides a range of tools for tracking trends in the
lending environment.
* Small Business Credit Survey
* Home Mortgage Explorer
* Systemic Risk Index
FOR CONSUMERS
Learn about the resources we offer to help people in the community navigate
the financial system.
* Protecting Yourself from Fraud
* How to File a Complaint
* My Financial Institution's CRA Rating
FOR FINANCIAL INSTITUTIONS
Understand the various requirements for Fed-chartered financial institutions
and discover the range of services available to them—from cash services and
reserve balance data to the discount window.
* Application Filings and Notices
* Submitting Regulatory Reports
* Discount Window and Collateral
* Reserve Account Management and Payment System Risk
* Cash Services
All financial institution resources
SUPPORTING THE FINANCIAL SYSTEM
Find out how the Cleveland Fed supervises and regulates member banks to
ensure financial-system stability and support the US Treasury.
* Supervision and Regulation
* Becoming a State Member Bank
* Supporting the US Treasury
* Cybersecurity
* About Us
ABOUT US
We serve the American people as part of the US central bank. We support the
US economy and our region by studying economic conditions and issues that
impact our communities, serving financial institutions, and providing
economic education and resources for all.
OUR LEADERSHIP
Meet the individuals leading our mission, including the president and
executive leadership team, advisory council members, and the boards of
directors of each Cleveland Fed branch.
* Loretta J. Mester, President and CEO
* Officers
* Directors
* Advisory Councils
OUR WORK IN THE COMMUNITY
Community outreach is central to the Fed’s mission. Find out about new
programs, upcoming events, and other ways to connect with us.
* FedTalk
* Student Programs
* Speakers Bureau
WHO WE ARE
The Fed does far more than inform monetary policy. Learn about the mission,
structure, and role of our organization, both regionally and nationally.
* What We Do
* Departments
* Federal Reserve System
* Corporate Governance and Transparency
We have a long-standing commitment to diversity, equity, inclusion, and
opportunity for our employees and the communities we serve.
Learn more
* Share
*
*
*
*
*
RESILIENCE AND RECOVERY AFTER FLOODING IN KENTUCKY
Thirteen counties in eastern Kentucky were declared federal disaster areas in
2022. Despite challenges related to flood insurance, housing, and labor,
economic and housing recovery are well underway.
See the report
LATEST NUMBERS
View all indicators
MEDIAN PCE INFLATION
Median PCE inflation rate
+0.2% in November 2023
See the data
INFLATION EXPECTATIONS
10-year expected inflation: 2.27%
See the data
WE’RE SEARCHING FOR OUR NEXT PRESIDENT AND CEO
The leader we hire will represent this region when policymakers meet to act for
the economy. We’re answering questions about the role and search process, and
gathering community input.
PRESIDENT’S SPEECH: FINANCIAL SYSTEM RESILIENCE
President Mester addressed the George G. Kaufman Center at Loyola University
Chicago on November 29.
HOW ARE BILLIONS OF DOLLARS BEING SPENT TO EXPAND ACCESS TO BROADBAND INTERNET
CONNECTIVITY?
In a new Ask the Expert, Merissa Piazza, a senior policy analyst, discusses how
funding is being directed to expand broadband access and why the Federal Reserve
cares about this issue.
--------------------------------------------------------------------------------
Cleveland Fed District Data Brief
URBAN AND REGIONAL MIGRATION ESTIMATES, THIRD QUARTER 2023 UPDATE
This Data Brief updates the figures that appeared in "Urban and Regional
Migration Estimates: Will Your City Recover from the Pandemic?" with data for
2023 Q3 for all series.
Notes from the Field
FOOD INSECURITY REVISITED
An increase in visits to food banks across the region in 2023 prompts a look at
how inflation and the expiration of pandemic aid are pinching low-income
household budgets and may be increasing food insecurity in the Fourth District.
Economic Commentary
EXCESS SAVINGS AND CONSUMER BEHAVIOR: EXCESS COMPARED TO WHAT?
Highlighting differences in measures of counterfactual savings, we show that
using consumption smoothing, post-pandemic excess savings are currently
positive.
Economic Commentary
IMPLICATIONS OF BANK EQUITY PRICE DECLINES FOR INFLATION
Large declines in bank equity price indices are generally followed by declines
in credit supply and economic activity, but they do not affect inflation.
--------------------------------------------------------------------------------
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.
Our work
LEADERSHIP
HISTORY
CULTURE
WORK WITH US
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.
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, Software Developer II
FEDERAL RESERVE BANK OF CLEVELAND
The Cleveland Fed is part of the Federal Reserve, the central bank of the United
States. With offices in Cleveland, Cincinnati, and Pittsburgh, we serve an area
that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern
panhandle of West Virginia. The goal of our work is to strengthen the economic
performance of the nation and our region. Learn more about us and what we do.
CLEVELAND OFFICE
1455 East 6th StreetCleveland, OH 44114
216.579.2000
CINCINNATI OFFICE
150 East Fourth StreetCincinnati, OH 45202
513.721.4787
PITTSBURGH OFFICE
One Oxford Centre, Suite 3000301 Grant StreetPittsburgh, PA 15219
412.261.7800
CLEVELAND FED DIGEST
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Get resources from the Federal Reserve that support required Ohio high school
financial literacy courses.
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