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 January

Automobile Manufacturing in the Fourth District
Throughout the 1990s, the relative importance of auto manufacturing (vehicle assembly and the production of associated parts) increased in the Fourth District states of Kentucky, Ohio, and West Virginia, as well as the U.S. as a whole. As a share of...
Depository Institutions
In 2002:IIIQ, FDIC-insured depository institutions' net operating income declined 3.9% from the previous quarter to $21.7 billion. However, it was still 21.7% higher for the first three quarters of 2002 than for the same period a year earlier. Net...
Economic Activity
The final estimate of real gross domestic product (GDP) for 2002:IIIQ contained no surprises; the estimate of overall growth held at an annual rate of 4.0%. The personal consumption expenditures category, which rose 4.2% (annual rate), was once again...
Inflation and Prices
The consumer price index (CPI) rose only 0.1% (1.3% annual rate) in November. After increasing sharply over the last several months, energy prices fell for the first time in six months. However, the index for food and beverages advanced more rapidly...
Labor Markets
As always, the new year brings retrospection as well as resolutions and forecasts. The labor market's performance last year was a mixture, with many signs of improvement and just as many signs of deterioration. Forecasts for 2003 are probably equally...
Money and Financial Markets
As a tool of monetary policy, changing interest rates is only the means to an end. One (some would say the only) goal of monetary policy is low, steady inflation. How can we tell if monetary policy is on track for that a goal? One way is to look directly...
The Economy in Perspective
New Year's resolutions ... You know the drill: On New Year's Eve, you write a list of three or four critical wrongs that you swear to right in the year ahead. Some of us--the real masochists--even drag last year's embarrassing list out of its hiding...
U.S. Free Trade Agreements
On December 11, 2002, Chile signed a free trade agreement with the U.S., removing tariffs on 85% of manufactured goods and 75% of agricultural produce, which the market has welcomed as a boost for Chile's mainly export-oriented economy. The pact would...
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