Data are seasonally adjusted. Last plots for M2 and the monetary base are estimated for May 2000. Last plot for sweep-adjusted base is March 2000. Dotted lines for M2 are FOMC-determined provisional ranges. All other dotted lines represent growth rates and are for reference only.
All yields are from constant-maturity series.
Averages for the week of May 26, 2000. 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. Blue Chip Panel of economists.