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2Y Expected Inflation (Cleveland)

Cleveland Fed 2-year expected inflation rate from a no-arbitrage term-structure model.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The 2Y Expected Inflation (Cleveland) is currently 2.81%, last updated .

2.81%
1W +24.57%1M +24.57%3M +13.90%
Updated 4h ago
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Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.

Updated 4h ago

Recent Data

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DateValueChange
Apr 1, 20262.81%+24.57%
Mar 1, 20262.26%-8.56%
Feb 1, 20262.47%+0.79%
Jan 1, 20262.45%-10.67%
Dec 1, 20252.74%+9.71%
Nov 1, 20252.50%-0.08%
Oct 1, 20252.50%-1.73%
Sep 1, 20252.55%+2.53%
Aug 1, 20252.48%-2.99%
Jul 1, 20252.56%+7.60%
Jun 1, 20252.38%-4.99%
May 1, 20252.50%-4.32%
Apr 1, 20252.62%+15.55%
Mar 1, 20252.26%-13.09%
Feb 1, 20252.61%+2.18%
Jan 1, 20252.55%+1.98%
Dec 1, 20242.50%+4.07%
Nov 1, 20242.40%+8.95%
Oct 1, 20242.21%-0.37%
Sep 1, 20242.21%-3.49%
Aug 1, 20242.29%-8.47%
Jul 1, 20242.51%-3.11%
Jun 1, 20242.59%-5.14%
May 1, 20242.73%—

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CPI excluding food and energy, less volatile measure of underlying inflation.

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Frequently Asked Questions

▶What is 2Y Expected Inflation (Cleveland)?
Cleveland Fed 2-year expected inflation rate from a no-arbitrage term-structure model.
▶How does 2Y Expected Inflation (Cleveland) relate to inflation?
2Y Expected Inflation (Cleveland) is part of the Inflation category. Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.
▶How often is 2Y Expected Inflation (Cleveland) updated?
2Y Expected Inflation (Cleveland) is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source 2Y Expected Inflation (Cleveland) data?
Convex sources 2Y Expected Inflation (Cleveland) data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the 2Y Expected Inflation (Cleveland) chart page?
The 2Y Expected Inflation (Cleveland) page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.