What is the Cleveland fed inflation model?

The model nowcasts US headline and core inflation as measured by the Consumer Price Index (CPI) and the price index for personal consumption expenditures (PCE). 2 The nowcast estimates are updated every business day and are made available on the Cleveland Fed’s public website at clevelandfed.org/indicators-and-data/inflation-nowcasting.

What is a Median CPI?

The median CPI is a measure of inflation computed by the Federal Reserve Bank of Cleveland. It ranks the components of CPI inflation and picks the one in the middle. Its construction makes it less sensitive to short-lived price fluctuations, thereby better capturing the trend in prices. Released monthly.

What data does the Cleveland Fed maintain?

PA The Cleveland Fed maintains a broad range of indicators and datasets that are available for download, including median CPI, median PCE inflation, inflation expectations, yield curve and GDP growth, and simple monetary policy rules.