Data are filtered using a band-pass filter. Data are seasonally adjusted. Last plots for base, M1, M2, and M3 are estimated for June 2000. Dotted lines for M2 and M3 are FOMC-determined provisional ranges. All other dotted lines are for reference only.
All yields are from constant-maturity series.
Average for the week ending on this date. Line breaks show dates when 10-year Treasury bonds were not traded. Inflation and Prices a. Annualized. 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.