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  • Cleveland Fed Appoints Community Affairs Officer

    Emily Garr Pacetti was appointed vice president and CAO, effective July 31. Read more.

  • Fraud and Scams Involving the Federal Reserve Name

    Consumer Alert: Scam Involving Federal Reserve Bank Routing Numbers

    Attempting to use Fed routing numbers to pay bills could result in late fees or other penalty charges. Read more.

  • MCPI 2015-2

    June 2017 Median CPI Release

    The median Consumer Price Index rose 0.1% (1.1% annualized rate) in June. The 16% trimmed-mean Consumer Price Index also rose 0.1% (0.9% annualized rate) during the month. Current Median CPI

  • Home Lending

    Home Loan Outcomes Vary by Race, Income, County

    In new analyses of HMDA data from 2 Fourth District counties, Allegheny and Cuyahoga, our researchers look at mortgage lending in pre- and post-Great Recession periods. A Forefront article highlights 4 findings the reports reveal.

  • 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.

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  • Stabilizing Local Housing Markets in Cuyahoga County: Blight Elimination


    Kyle Fee Tasia Hane-Devore

    Ten years removed from the housing crisis, local housing markets are still feeling the negative effects of the collapse. The share of foreclosed homes has declined from peak levels, but blight remains an obstacle to stabilizing local housing markets. Strategic interventions to eliminate blight balance demolition and rehabilitation of homes in order to promote housing market stability. Read More

  • New Data on Wealth Mobility and Their Impact on Models of Inequality


    Daniel R. Carroll Nick Hoffman

    Using data on families' wealth over time, we calculate changes in relative wealth mobility; that is, how likely families are to move up or down the wealth distribution, relative to one another. We find families have become less likely to change their position in the wealth distribution over time, and those that do move are less likely to go very far. We also look at the savings behaviors that are associated with more mobile families and find that families that make large movements through the wealth distribution appear to be more likely to own some form of a risky asset. 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

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