In the latest Chicago Fed Letter, Vamsi Kurakula, Santiago Sordo-Palacios (both pictured), and Stefania D’Amico present a method to gauge expectations about the policy rate path that preserves the information derived from high-frequency data, while filtering out noise unrelated to future macro-finance conditions.

AgLetter reports there was no annual change in farmland values in the Seventh Federal Reserve District for 2019. Values for “good” agricultural land in the fourth quarter of 2019 were 1 percent higher than in the third quarter.

Chicago Fed study finds that when a retail clinic opens, offering low-cost preventive health care and treatment for minor illnesses, emergency room visits for conditions such as the flu decline for people who live nearby.