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 July

A Global Fiscal Crisis?
06.30.09 The financial crisis and accompanying recession have had a severe impact on government budgets, raising the specter of huge government debt burdens down the road. Large government debt burdens are not just a fiscal problem. They can become...
Consumer Credit Markets
07.03.09 [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] Since November 2008, the Federal Reserve has taken decisive actions to unfreeze consumer credit markets. A major challenge has been to revive lenders' funding sources so that...
Fourth District Employment Conditions
07.08.09 [GRAPHIC OMITTED] [GRAPHIC OMITTED] The District's unemployment rate jumped 0.6 percentage point to 10.3 percent for the month of May. The increase is attributed to an increase of the number of people unemployed (6.1 percent) and...
Gross Domestic Product Growth across States
07.01.09 [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] The Bureau of Economic Analysis recently released its annual report documenting patterns of gross domestic product (GDP) growth across states. Real GDP growth slowed in 38 states...
May Price Statistics
06.25.09 [GRAPHIC OMITTED] The CPI rose at an annualized rate of 1.2 percent in May, rebounding somewhat after two consecutive monthly decreases. Still, its 12-month growth rate slipped even further into the red, falling from -0.7 percent in...
Real GDP: First-Quarter 2009 Final Estimate
07.03.09 [GRAPHIC OMITTED] The final estimate for real GDP growth in the first quarter of 2009 came in at -5.5 percent, 0.2 percentage point above the preliminary estimate and 0.6 percentage point higher than the advance estimate (a relatively...
The Employment Situation, June 2009
07.03.09 [GRAPHIC OMITTED] The decline in nonfarm payroll employment picked up pace again in June, as losses were a greater-than-expected 467,000. While worse than May's estimate of -322,000, June's payroll losses were smaller than average monthly...
The Yield Curve, June 2009
06.30.09 [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] Since last month, the yield curve has become noticeably steeper, with long rates rising dramatically. The difference between short and long rates, the slope of the yield curve,...