Charles Evans
President and CEO
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Source: Chicago Fed staff calculations based on data from Haver Analytics.

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Chicago Fed Letter finds that high levels of flooding from Hurricane Harvey were associated with modest increases in auto loan balances, but moderate decreases in mortgage balances. In general, the storm did not hurt consumers’ credit access according to the limited measures investigated.

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Does automation always lead to a decline in low-wage jobs? Automation has changed the composition of low-wage jobs, but has not led to a net decline in the number of jobs. Also, individual workers displaced from low-wage employment have often been able to transition into newly created jobs without much of a wage penalty.
Detroit Economic Activity Index Points to Slower Growth in March
AgLetter Reports Steady Midwest Farmland Values in First Quarter
Chicago Fed Survey of Business Conditions Shows Growth Slowed Some in April and Early May
Symposium Participants Expect Solid but Moderating Economic Growth Through 2020
Midwest Economy Index Points to Slower Growth in April
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