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Policy Summit 2025: Building Strong and Sustainable Communities

Join us for our flagship conference on community and economic development, June 26-27, in Cleveland and online.

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Latest Inflation Numbers

View all indicators and data

Median CPI

Change in median CPI:
+0.3% in February 2025

Change in 16% trimmed-mean CPI:
+0.3% in February 2025

See the data

Inflation Expectations

10-year expected inflation: 2.3%

See the data
A collage of small businesses.
How are small businesses across the nation faring?

The latest Small Business Credit Survey report sheds light on their performance, challenges, and credit-seeking experiences.

President Beth M. Hammack
President’s Speech: Trading Places: My New View from Inside the Federal Reserve

President Hammack spoke at a Columbia University-Bank Policy Institute conference in New York, NY, on February 27, 2025.

Understanding boomerang migration

Find out how well metros in the Fourth District and across the US draw back native residents who left, and what it might mean for population growth.

Economic Commentary
Technology Adoption and the Changing Role and Background of Clerical Workers
Incentives to automate work vary across geographies. Since labor costs are affected by cost of living, automation is more likely to occur in expensive cities.
Cleveland Fed District Data Brief
Boomerang Migration: Which Regions Have the Most, and Can It Make a Difference?
This District Data Brief analyzes how well regions in the Fourth District and across the United States draw back native residents who previously moved away. It also examines the extent to which these “boomerang migrants” contribute to the total populations of their respective regions.
Economic Commentary
Is High Productivity Growth Returning?
Economists find preliminary evidence that productivity may be on a higher growth trajectory, contributing to a faster pace of growth for the economy.
Cleveland Fed District Data Brief
Postpandemic Employment Recovery in Fourth District Metro Areas
Employment recoveries have varied significantly among US metro areas since the start of the COVID-19 pandemic. This District Data Brief compares the recoveries for metro areas of different sizes in the Fourth District and across the United States.
Research
Economic Commentaries
Publications
The Center for Inflation Research

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.

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Looking for your next opportunity? We’re proud to be ranked a top place to work in Northeast Ohio. 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.

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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