Last plot for sweep-adjusted M1 and base is February 1999. Dotted lines for M2 and M3 are FOMC-determined provisional ranges. All other lines represent growth in levels and are for reference only. All yield curves are option adjusted. Bloomberg Financial Information Services.
All yields are from constant-maturity series.
Monthly change in rate, scaled by level raised to the 1.5th power. Inflation and Prices a. Calculated by the Federal Reserve Bank of Cleveland. Upper and lower bounds for inflation path as implied by the central tendency growth ranges issued by the FOMC and nonvoting Reserve Bank presidents. Over the last 12 months.