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Patricia Waiwood |

Research Analyst

Patricia Waiwood, Research Analyst

Patricia Waiwood is a research analyst in the Research Department of the Federal Reserve Bank of Cleveland. Her work focuses primarily on macroeconomics, financial economics, and banking.

A native of Cleveland, she graduated with honors from Case Western Reserve University in May 2011, receiving her BA in economics and banking & finance.

  • Fed Publications
Title Date Publication Author(s) Type

 

 October, 2012 ; Mehmet Pasaogullari; Economic Trends
Abstract: Market-based measures of inflation expectations reflect what investors anticipate inflation will be in the future. These measures rose in the days after September 13, when the Federal Reserve announced a third round of large-scale asset purchases and decided to keep the target range for the federal funds rate at an exceptionally low level at least through mid-2015.
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 October, 2012 ; Ozgur Emre Ergungor; Economic Trends
Abstract: Three rounds of quantitative easing since the official end of the recession 39 months ago testify to the fact that the economy is languishing. To evaluate the possibility of a sustainable recovery in the near future, we take a closer look at consumer finances.
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 June, 2012 ; Ozgur Emre Ergungor; Economic Trends
Abstract: The recently published results of the Federal Reserve’s triennial 2010 Survey of Consumer Finances show that many families cut up their credit cards during the financial crisis. The number of families holding credit card debt of any amount declined to its lowest levels in more than 20 years. Meanwhile, families in the lowest-income percentile have been reporting an increasing use of installment debt since the 2007 survey and the Senior Loan Officer Opinion Survey recently reported a sharp increase in demand for consumer loans.
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 April, 2012 ; Joseph G Haubrich; Economic Trends
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 April, 2012 ; Mehmet Pasaogullari; Economic Trends
Abstract: Some prices and price indexes have shot up recently, but measures of core inflation have remained low. For more insight into where the rate of inflation is likely to head in the future, we look at a couple of measures that tell us how markets are currently pricing future inflation. These measures are inflation swap rates and breakeven inflation rates.
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 March, 2012 ; Joseph G Haubrich; Economic Trends
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 March, 2012 ; Ozgur Emre Ergungor; Economic Trends
Abstract: Following a peak at 14 percent in the first quarter of 2010, credit card interest rates have fallen over the past two years. When interpreted jointly with the increasing balances, this development suggests that credit is becoming more available to consumers. We take a look at the factors that affect the availability and cost of credit cards.
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 February, 2012 ; Joseph G Haubrich; Economic Trends
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 January, 2012 ; Joseph G Haubrich; Economic Trends
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 January, 2012 ; Mehmet Pasaogullari; Economic Trends
Abstract: Annual inflation as measured by the Consumer price index (CPI) has declined in each month since September, following decreases in food and energy prices. As of November, the annual inflation rate is 3.4 percent. Despite this reassuring signal in the wake of the first half of the year, when the CPI was increasing, some households and market participants are still worried about an impending inflationary period. Here we review various measures of inflation expectations, because expectations about future inflation are both an important predictor and a factor in future inflation.
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 December, 2011 ; Joseph G Haubrich; Economic Trends
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 December, 2011 ; Ozgur Emre Ergungor; Economic Trends
Abstract: In the years preceding the stock market and housing bubbles, household wealth grew faster than incomes, leading Americans to believe that they were getting richer. As the bubbles burst, the wealth-to-income ratio took a dive and returned to its long-term trend. The adjustment took place as households constrained their spending and reduced their debt. After peaking in 2008, household consumption expenditures dropped slightly (1.69 percent), hitting a trough in 2009. Yet since then, the wealth ratio has stabilized, and consumption expenditures have resumed growth, already climbing 2.2 percent beyond the pre-recession peak.
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