Community Issues Survey highlights impact of inflation, uncertainty around funding
Our latest survey of Fourth District service providers reveals that inflation continues to strain budgets of low- and moderate-income households and that changes in federal funding have prompted agencies to consider limiting assistance.
The Human Factor: Why the Fed's Work Isn't All Numbers and Data
Whoever you are, the economy is affecting you and influencing your decisions, and your decisions in turn affect the economy. A new multimedia story from the Federal Reserve Bank of Cleveland offers an inside look at how and why Cleveland Fed staff travel across the wide region they serve, meet with advisory councils and boards, and administer surveys to glean information about economic conditions. See the stories, photography, and a historical timeline, and learn how you can engage with the central bank.
Policy Summit 2025: See what you missed or watch it again
Policy Summit 2025: Building Strong and Sustainable Communities offered more than 750 attendees timely and relevant information and access to discussions about policies and programs affecting lower-income communities across the United States. Recordings of the keynote and the plenary sessions are now available.
Figuring out one-stop shopping for social service needs
In the region we serve, the Greater Cleveland Food Bank, Brighton Center, and Towards Employment have implemented a multiservice delivery model to respond to lower-income communities’ multifaceted needs and challenges.
National survey findings highlight economic outlook of consumers
Results from the 2024 Survey of Household Economics and Decisionmaking (SHED) indicate that people’s financial well-being was similar to that in the previous two years. Concerns about prices persisted, and labor market conditions remained solid.
The Federal Reserve’s Beige Book is a national summary of economic conditions. It includes sections from various Reserve Banks devoted to the conditions of lower-income individuals and communities. A recent entry includes the following insights from Fourth District community contacts:
One contact observed that funding cuts led some organizations to pause hiring or provision of new services, and others noted a general reduction in essential wraparound services.
Uncertainty over the impacts of inflation and tariffs on building costs led to the stoppage of some housing developments, according to one organization.
Small business leaders reveal conditions and challenges of 2024
With responses from more than 7,000 small employer firms, the 2024 Small Business Credit Survey findings provide key insights about the small business population, including performance and challenges.
Strong relationships with financial services providers are vital to the success of small businesses. Data from the 2023 Small Business Credit Survey give insight into what small businesses value most in these relationships.
A report based on data from the Small Business Credit Survey updates trends across 11 key indicators for different firm categories ranging from revenue and employment growth to loan applications and debt.
We surveyed workers in our region about their labor market experiences. We learned more about how many jobs they held, what they valued most about those jobs, and the challenges they faced finding employment.
Federal Reserve Education just launched its redesigned website that brings together trusted resources from across the Federal Reserve System to serve educators, college faculty, students, parents, and others interested in better understanding the US economy, the role of the Federal Reserve, and financial education.
Free educational programs help make career connections
The education outreach team's innovative and free programs are designed to provide an understanding of possible career fields, opportunities, and transferable skills that support career progression for the present and future workforce throughout the entire Fourth District. Our programs include Essential Skills, Career Crosswalks, You Make I.T. Better, Financial Foundations, the Fed Futures Professionals Program, and other collaborative opportunities.
Courtney Falato named senior vice president of external engagement
Falato, who previously guided JPMorgan Chase’s philanthropic commitments in Ohio and Kentucky, will oversee the Cleveland Fed's external communications, education, and community development teams.
The center contributes more than $2 billion annually to Ohio’s economy, Glenn officials told Cleveland Fed president and chief executive officer Beth M. Hammack during a recent visit to the storied Cleveland campus.
