Background: “Nowcasts” are estimates or forecasts of the present. Description: We provide daily nowcasts of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the consumer price index (CPI).

Description: We calculate the median CPI and the 16 percent trimmed-mean CPI based on data released in the Bureau of Labor Statistics’ monthly CPI report. Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. Benefits: By omitting outliers (small and large price changes) and focusing on the interior of the distribution of price changes, the median CPI and the 16 percent trimmed-mean CPI can provide a better signal of the underlying inflation trend than either the all-items CPI or the CPI excluding food and energy (also known as core CPI).

Our mission is founded in public service—strengthening the economic performance of the nation and our region and making a difference in the communities we serve. At our Bank, you’ll get the benefits you need and have the work–life balance you want. Your health, finances, and professional achievement matter to us. And our culture is one of inclusion, in which diversity of thought is encouraged and uniqueness embraced.

Be part of something big. Be part of our future. Make the Federal Reserve Bank of Cleveland your next career move.

Background: “Nowcasts” are estimates or forecasts of the present. Description: We provide daily nowcasts of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the consumer price index (CPI).

Description: We calculate the median CPI and the 16 percent trimmed-mean CPI based on data released in the Bureau of Labor Statistics’ monthly CPI report. Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. Benefits: By omitting outliers (small and large price changes) and focusing on the interior of the distribution of price changes, the median CPI and the 16 percent trimmed-mean CPI can provide a better signal of the underlying inflation trend than either the all-items CPI or the CPI excluding food and energy (also known as core CPI).

This site is meant to give you a general understanding of basic inflation concepts. The Get Started ( ) section explains basic inflation concepts in a nontechnical way and will give you a good understanding of what inflation is, why it’s important to pay attention to it, and how the Federal Reserve is involved. In the Get Technical ( ) section you will find more detailed explanations on the same topics and answers to related questions that will give you a deeper understanding of inflation, its effects on people and the economy, and the Fed’s role in keeping it under control.

Robert Rich, director of the Center for Inflation Research and senior economic and policy adviser, discussed common inflation misconceptions on Marketplace. Read or listen to the interview

At a time of heightened interest in inflation among people, businesses, and communities, the Center for Inflation Research is committed to providing timely answers to timely questions. Why has...

Senior Policy Analyst

Kyle Fee conducts applied research and outreach related to economic development, workforce development, neighborhood development, and economic geography in the Fourth District.

Read bio…

Description: We calculate the median CPI and the 16 percent trimmed-mean CPI based on data released in the Bureau of Labor Statistics’ monthly CPI report. Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. Benefits: By omitting outliers (small and large price changes) and focusing on the interior of the distribution of price changes, the median CPI and the 16 percent trimmed-mean CPI can provide a better signal of the underlying inflation trend than either the all-items CPI or the CPI excluding food and energy (also known as core CPI).

Senior Policy Analyst

Kyle Fee conducts applied research and outreach related to economic development, workforce development, neighborhood development, and economic geography in the Fourth District.

Read bio…

Seventy-five percent of employer firms tried to hire workers in 2021; close to half called the experience "very difficult." In response, firms most often increased wages or shifted more work to existing employees.

Seventy-five percent of employer firms tried to hire workers in 2021; close to half called the experience "very difficult." In response, firms most often increased wages or shifted more work to existing employees.

This site is meant to give you a general understanding of basic inflation concepts. The Get Started ( ) section explains basic inflation concepts in a nontechnical way and will give you a good understanding of what inflation is, why it’s important to pay attention to it, and how the Federal Reserve is involved. In the Get Technical ( ) section you will find more detailed explanations on the same topics and answers to related questions that will give you a deeper understanding of inflation, its effects on people and the economy, and the Fed’s role in keeping it under control.

Robert Rich, director of the Center for Inflation Research and senior economic and policy adviser, discussed common inflation misconceptions on Marketplace. Read or listen to the interview

At a time of heightened interest in inflation among people, businesses, and communities, the Center for Inflation Research is committed to providing timely answers to timely questions. Why has...

Background: “Nowcasts” are estimates or forecasts of the present. Description: We provide daily nowcasts of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the consumer price index (CPI).

Senior Policy Analyst

Kyle Fee conducts applied research and outreach related to economic development, workforce development, neighborhood development, and economic geography in the Fourth District.

Read bio…

Have you ever thought about what it’s like to work at the Federal Reserve Bank of Cleveland? Do you want to learn more about the work we do and the communities we serve? Join us for FedUniversity to learn about our yearly summer internship program and exciting career opportunities for college and university students. You’ll learn about the application process, how to prepare for an internship, and how to make the most of your summer experience at the Bank. We will also feature a panel of speakers from different departments to talk about their career journeys, the work they do, and their experiences working at the Bank.

A Q&A session will follow the presentation. Please share this invitation with college and university students, administrators, and others who you think would benefit from attending this session. This event will also be posted on Handshake.

Background: The Cleveland Fed has been maintaining a survey of consumers for their views on how they are responding to COVID-19, the illness caused by the novel coronavirus of late 2019, and how COVID-19 is likely to impact the economy. Description: We update the results from these surveys on a weekly basis.

Description: We report estimates of the expected rate of inflation over the next 30 years along with the inflation risk premium, the real risk premium, and the real interest rate. How we get our estimates: Our estimates are calculated with a model that uses Treasury yields, inflation data, inflation swaps, and survey-based measures of inflation expectations. Download our spreadsheet to see all the inflation expectations model’s outputs. ### Description: We calculate the median CPI and the 16 percent trimmed-mean CPI based on data released in the Bureau of Labor Statistics’ monthly CPI report. Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. Benefits: By omitting outliers (small and large price changes)...

The Federal Reserve Bank of Cleveland invites you to attend FedExploration, an information session to learn about exciting career opportunities and pathways at the Bank. Join us to hear from a panel of speakers from different departments talk about their career journeys, the work they do, and their experiences working at the Bank.

A Q&A session will follow the presentation. Please share this invitation with those who may be interested in learning more about careers at the Federal Reserve Bank of Cleveland.

October 22, 2021 Virtual Conference

The Economics Scholars Program (ESP) is a collaborative effort between Austin College and the Federal Reserve Bank of Dallas to foster the involvement of undergraduate economics students in all facets of research.

The cornerstone of the ESP is the annual ESP Conference. Since 2007, student scholars and faculty from institutions across the U.S. and Canada have come together to share undergraduate student-initiated or student–faculty coauthored works, ideas about the role of undergraduate research in the curriculum and the challenges and concerns of undergraduates who conduct research.

Description: We report estimates of the expected rate of inflation over the next 30 years along with the inflation risk premium, the real risk premium, and the real interest rate. How we get our estimates: Our estimates are calculated with a model that uses Treasury yields, inflation data, inflation swaps, and survey-based measures of inflation expectations. Download our spreadsheet to see all the inflation expectations model’s outputs.