News from the Fed

  • Rust-Belt Cities Exhibit Reverse Gentrification, Says Cleveland Fed Researcher
  • But in a tale of four cities, Pittsburgh and Buffalo fare better than Cleveland and Detroit. Read more
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  • Financial Stability Analysis is Focus of Cleveland Fed and OFR Conference on May 30-31 in DC
  • What tools are available to measure and forecast the stability of the financial system? And how can we use the information derived from these tools to inform and implement regulatory policy? Read more
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  • The Federal Reserve: Not the same as it ever was - Follow the Fed’s evolution with Cleveland Fed’s 2012 Annual Report
  • Some say the Federal Reserve System, an organization born in 1913, can’t keep up with the times. Not so. Over the years, the Federal Reserve has continued to adapt, evolve, and learn. This theme is the focus of the Federal Reserve Bank of Cleveland’s 2012 Annual Report. Read more
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  • University of Toledo Commencement
  • Speaking at the University of Toledo’s commencement ceremony, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto shared with graduates her four rules of the road to success: get comfortable with being uncomfortable; there is no substitute for hard work; know your strengths and passions; and give respect in order to get respect Read more
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More…

From President Pianalto

Sandra Pianalto, President and CEO, Federal Reserve Bank of Cleveland
Sandra Pianalto
President and CEO
Bio

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Economic Conditions in the Fourth District

Want to keep tabs on economic conditions in the Fourth District? Bookmark our updated Regional web pages. You’ll find new maps and data for Kentucky, Ohio, Pennsylvania, West Virginia, and the major metropolitan areas of the region. You’ll also find analysis of regional trends and growth factors.
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Cleveland Financial Stress Index Adds Real Estate and Securitization Markets, Daily Updates

The Cleveland Financial Stress Index (CFSI)—a tool that allows policymakers and financial analysts to monitor the condition of financial markets—is now updated daily and tracks stress in the real estate and securitization markets, in addition to credit markets, equity markets, foreign exchange markets, and funding markets.
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Career Opportunities

Learn more about the opportunities to make a difference with the Federal Reserve Bank of Cleveland.

  • CFSI
  • Inflation Expectations
  • Median CPI
  • Credit Easing

Cleveland Financial Stress Index

Tracking stress in U.S. financial markets on a continuous basis. 

Median Consumer Price Index

Estimates of Inflation Expectations

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

Median Consumer Price Index

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

Latest Economic Research

  • Urban Decline in Rust-Belt Cities
  • Many Rust-Belt cities have seen almost half their populations move from inside the city borders to the surrounding suburbs and elsewhere since the 1970s. As populations shifted, neighborhoods changed—in their average income, educational profile, and housing prices. But the shift did not happen in every neighborhood at the same rate. Recent research has uncovered some of the patterns characterizing the process. Read more  (PDF)
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  • The Delayed Recovery of Investment in Nonresidential Structures
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  • Business fixed investment remains below its pre-recession peak, mainly due to the delayed recovery of one of its components, investment in nonresidential structures (factories, office buildings, etc.). One reason for the slow recovery is the overhang of structures that had been built before the recession. Read more
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  • Employment Growth Slows in Ohio
  • Employment in Ohio has grown 2.7 percent since the start of the recovery (June 2009 to March 2013). Over the same period, national employment grew almost a percentage point more. Ohio’s employment growth to this point in the recovery puts it close to the middle of the distribution. Read more
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  • The Evolution of Debt Balances
  • Has the Natural Gas Boom Impacted the Trade Deficit?
  • An Enhanced Approach to Measuring Financial Stress
  • Why Are Interest Rates So Low?
  • Forecasting Inflation? Target the Middle