News from the Fed

  • College degrees, while costly, provide labor market benefits, say Cleveland Fed researchers
  • While it has become more costly to attend college over the past 30 years, the extra education typically awards a benefit in the labor market, say Federal Reserve Bank of Cleveland researchers Daniel Carroll and Amy Higgins. Read more
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  • Cleveland Fed researchers examine trends in neighborhood gentrification during and after the housing boom
  • During the housing boom, a number of large cities in the United States experienced redevelopment in their lower-income neighborhoods as higher-income residents moved in, a process known as gentrification. Read more
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  • Treasury’s CDFI Fund increases lending in low-income areas, says Cleveland Fed researcher
  • The Treasury Department’s CDFI Fund awards grants to community development financial institutions (CDFIs) that operate in impoverished areas. Read more
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  • Consumer credit still weak outside of select sectors and for certain borrowers
  • Auto and student loans have been strong throughout the recovery, and mortgage lending is beginning to turn the corner. But using data adjusted for inflation, consumer credit appears weaker, say Cleveland Fed researchers O. Emre Ergungor and Daniel Kolliner. Read more
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  • Median CPI
  • Credit Easing
  • CFSI
  • Inflation Expectations
  • Inflation Nowcasting

Median Consumer Price Index

A more accurate measure of the underlying inflation trend. 

Median Consumer Price Index

Credit Easing Policy Tools

Compare the amounts of different assets on the Federal Reserve balance sheet, from T-bills to mortgage-backed securities. 

Median Consumer Price Index

Cleveland Financial Stress Index
 
07/25: -0.668

0.039 decrease
over the past seven days   

Chart.

Estimates of Inflation Expectations

Estimates of inflation expectations, the real interest rate, and the inflation risk premium. 

Median Consumer Price Index

Inflation Nowcasting

Forecasts of today's inflation rates in the CPI and the PCE price index. 

 

  Quarterly annualized percent change  
Nowcast quarter CPI Core CPI PCE Core PCE Updated
2014:Q22.271.8607/28/2014
2014:Q32.271.981.671.407/28/2014

Latest Economic Research

  • A College Education Saddles Young Households with Debt, but Still Pays Off 
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  • Many parents believe their children must get a college degree—especially if they want to have at least as comfortable a lifestyle as their parents had; yet the price of a college degree has been rising rapidly over the past three decades. As costs have risen, more and more students and their families have turned to education loans for financing. This trend, combined with the strong propensity for households to form among individuals of similar education levels, has led to much larger student loan debt burdens for households headed by young adults who have attended college. Read more  
  • Neighborhood Gentrification during the Boom and After 
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  • During the housing boom, a number of large cities in the United States experienced redevelopment in their lower-income neighborhoods as higher-income residents moved in, a process known as gentrification. Looser lending standards, which were prevalent at the time, may have contributed to the trend. Since lending standards have tightened with the onset of the housing bust and the financial crisis, we wondered whether gentrification has continued after the recession in places where it was happening before. Read more  

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