Economic Trends

Economic Trends is a monthly economic journal that provides analyses of current economic developments. Its audience consists of economists, bankers and those studying economics. Founded in 1979, Economic Trends has a circulation of about 8,800 and is non-paid. The Federal Reserve Bank of Cleveland publishes this periodical.

Articles from November

Business Loan Markets
11.13.08 [GRAPHIC OMITTED] The Federal Reserve Board's October 2008 survey of senior loan officers (covering the months of August, September, and October of 2008), found significant tightening of standards for commercial and industrial loans...
Comparing Current Payroll Employment Changes with Past Recessions
11.06.08 [GRAPHIC OMITTED] The labor market has now lost jobs for nine straight months, with September's recent loss of 159,000 being the worst yet of the streak. The "R" word has been tossed around plenty this year, although the National Bureau...
Financial Turmoil and Global Growth
11.07.08 The turmoil in world financial markets is impeding global economic growth, according to the International Monetary Fund (IMF) (see here and here). The major advanced economies are teetering on the brink of recession, and many developing...
Fourth District Employment Conditions, September
11.07.08 The District's unemployment rate remained steady at 6.9 percent for the month of September. The flat unemployment rate is attributed to relatively small changes in both the number of people unemployed (-0.3 percent) and the number of people...
GDP: Third-Quarter Advance Estimate
11.03.08 [GRAPHIC OMITTED] Real GDP decreased at an annualized rate of 0.3 percent in the third quarter, slightly above expectations. Much of the decrease was due to a dramatic drop in consumption and a decrease in investments. Personal consumption...
More Measures Introduced to Help Financial Markets
11.06.08 [GRAPHIC OMITTED] [GRAPHIC OMITTED] On October 8, the Federal Reserve joined with several other central banks to announce reductions in policy interest rates. The Fed's policy-making body, the Federal Open Market Committee (FOMC),...
September Price Statistics
10.28.08 [GRAPHIC OMITTED] The Consumer Price Index (CPI) was virtually unchanged in September, falling just 0.4 percent at an annualized rate. Energy prices continued to decrease sharply during the month, slipping 20.7 percent (annualized rate)...
The Employment Situation, October 2008
11.07.08 [GRAPHIC OMITTED] October nonfarm payrolls fell by 240,000, for the tenth straight month of decline this year. October's decline in payrolls was slightly worse than consensus expectations, which called for losses in the vicinity of 200,000....
The Yield Curve, October 2008
10.24.08 In the midst of the horrendous economic news of the past month, the yield curve might provide a slice of optimism. On the other hand, the historic turmoil in the financial markets also suggests that historical relations may not be holding...
Trends in the Components of Real GDP
11.04.08 The third quarter's GDP report did not make for uplifting reading, so now is a good time to take a longer run view to help us reestablish our equilibrium, if not the economy's. We are used to focusing on the growth rate of real GDP, along...
What Exactly Is a Recession-And Are We in One?
10.10.08 The common definition of a recession, and the one most frequently cited in the media, is a period of two consecutive quarterly declines in real GDP. While historically this definition has held pretty close to true, it is more of shorthand...