Features

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Black–White Differences in Intergenerational Economic Mobility in the U.S.

Economic Perspectives article asks what current trends, if they were to continue, would suggest about the future. Read More

Risk Perspectives

New Issue of Risk Perspectives Available

Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends.  Recent issue of Risk Perspectives highlights the emerging fraud environment, leveraged lending, emerging credit, market and liquidity risk and model risk management. Read More

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Innovative Affordable Housing in Milwaukee

In this latest blog posting the Chicago Fed's Community Development and Policy Studies division looks at a new affordable housing apartment complex, The Villard Square GrandFamily Apartments, in Milwaukee, Wisconsin, for families headed by grandparents and other relatives who share their homes with related children. Read More

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A History of Large-Scale Asset Purchases before the Fed

This Economic Perspectives article finds that in 1870–1913, the U.S. Treasury Department's large open market purchases of Treasury securities narrowed the yield spread between Treasury bonds with high and low interest rate risk. Read More

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Historical Perspectives on the Community Reinvestment Act of 1977

Final 2013 edition of Profitwise News and Views highlights key points from the Chicago Fed’s Community Development and Policy Studies department’s Healthy Communities Regional Summit, organized with partners from both the public health and community development fields. Read More

Recent News

Fed’s Evans Addresses Business, Economic Leaders

Chicago Fed President Charles Evans provided his thoughts on monetary goals and strategies during the 23rd annual Hyman P. Minsky Conference, April 9 in Washington, D.C. Read More

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Keeping Banking Competitive

Chicago Fed Letter describes how proposed bank mergers and acquisitions are evaluated for antitrust concerns. Read More

Fed’s Evans Addresses Business, Economic Leaders

Chicago Fed President Charles Evans provided his thoughts on monetary policy and the economy at the Credit Suisse Asian Investment Conference in Hong Kong. Read More

Chicago Fed 2013 Financial Statements Available

Federal Reserve Bank of Chicago 2013 financial statements are now available online. Read More

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The Fiscal Cliff and the Dynamics of Income

Chicago Fed Letter explores how firms and individuals shifted income to 2012 to reduce impact of potential tax hikes in 2013. Read More

Fed’s Evans Addresses Georgia Students, Business Leaders

Chicago Fed President Charles Evans provided his perspective on monetary policy at an Executive Speaker Series at the Turner Business School at Columbus State University. Read More

Fed's Evans Addresses Monetary Policy Forum

Chicago Fed President Charles Evans talked about monetary policy strategy and communications February 28 during the U.S. Monetary Policy Forum in New York. Read More

Around the System

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January FOMC Statement

The statement released on January 29, 2014 is now available. Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities also available.

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Consumer Needing Help with a Problem?

Worried about payments fraud? Read the latest edition of  Community Banking Connections to learn how to stay ahead of attacks.

Economic Snapshot

Chicago Fed National Activity Index (CFNAI)


National Financial Conditions Index (NFCI)


Midwest Economy Index (MEI)


Chicago Fed Midwest Manufacturing Index (CFMMI)


Latest Indicators — February*  
Unemployment Employment
Growth
GSP     
Growth**
Monthly YoY      YoY
US:
IL:
IN:
IA:
MI:
WI:
6.7%
8.7%
6.1%
4.4%
7.7%
6.1%
0.1%
0.1%
0.3%
0.3%
0.1%
-0.3%
1.6%
0.5%
1.5%
1.3%
0.6%
1.1%
1.5%
1.1%
1.7%
2.1%
1.0%
1.4%

*All data are seasonally adjusted.
**Year-to-date estimates of annual growth in real gross state product (GSP) are through 2013:Q3.
Source: Bureau of Economic Analysis and Bureau of Labor Statistics/Haver Analytics
More about the Midwest Economy

CFNAI
February
Monthly Index:  +0.14
3-month MA:  -0.18
Diffusion Index:  -0.06

NFCI
April 11, 2014
NFCI:  -0.93
Adjusted NFCI (ANFCI):  -0.53

Midwest Economy Index (MEI)
February
MEI:  -0.03
Relative MEI:  -0.01

CFMMI

+0.4% in October

Farmland Values

5% in 4Q13 over 4Q12

'Beige Book'

Growth in economic activity in the Seventh District slowed in January and February, as severe winter weather affected activity in a number of sectors.

Michigan Retail Index

+3.2 for sales outlook
+6.5 for sales performance