From the President

Charles Evans

President and CEO

Features

Using Private Sector 'Big Data' as an Economic Indicator: The Case of Construction Spending

Data collected by a private sector construction management firm are a leading indicator for total U.S. construction spending and provide information beyond publicly available data.

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Community Land Trust Model: Opportunities, Challenges of Preserving Affordable Housing

ProfitWise News and Views looks at housing as dozens of low-income apartment buildings for senior citizens in Detroit could convert to market rate apartments in next ten years, forcing hundreds to find new homes.

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Employment Challenges for the Formerly Incarcerated

The U.S. economy is on a historic run of job creation as of June 2016. ProfitWise News and Views highlights what firms are looking for as traditional pools of talent are increasingly absorbed by rising employment.

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Changing Composition of Bank Branches in Seventh Federal Reserve District

Across the United States, the banking office landscape has shifted since the 2008 financial crisis. ProfitWise News and Views looks at trends of small bank closures, as well as recent patterns of bank branch declines.

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The Illinois Budget Crisis in Context

Chicago Fed Letter shows the state’s overspending has outpaced the national average since the mid-1990s, primarily through pension spending.

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Do Insurers in Catastrophe-Prone Regions Buy Enough Reinsurance?

Insurers in catastrophe-prone areas use as much as four times more reinsurance than insurers in less risky areas, and this risk transfer significantly reduces their losses.

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Recent News

Economic Growth Increased in July

The Chicago Fed National Activity Index (CFNAI) was +0.27 in July, up from +0.05 in June.

Midwest Farmland Values Mixed

Latest AgLetter reports Seventh District farmland values in the second quarter of 2016 were 1 percent lower than a year ago, but 1 percent higher than in the first quarter.

Economic Growth Forecasts—Views from the Auto Sector

Chicago Fed Letter reports symposium forecasts for the auto industry and the U.S. economy through 2017.

Macroeconomic Sources of Recent Interest Rate Fluctuations

Behavior of asset prices seems to reflect large decline in oil prices more than recent divergence between U.S. and European monetary policy.

Is Greece More or Less Indebted than Portugal or Ireland?

Which country is most burdened by its debt? Plausible measures of indebtedness suggest that Greece is anywhere from as much as 50% more indebted to as little as half as indebted as either Portugal or Ireland.

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