Talking Points

"Michigan's economy currently suffers from unfortunate industry composition, with an added dose of structural shocks to several of its prominent lines of business." — William Testa, Chicago Fed vice president and director of regional programs, (above) in his recent blog.

The Economy

CFMMI
-0.8% in May.

CFNAI
-0.96 in May.

Farmland Values
+14% in 1Q over 1Q '07.

Michigan Retail Index
+4.0 for sales outlook
+0.1 for sales performance offsite link

'Beige Book'
Midwest Expansion Sluggish offsite link

Latest News

July 03, 2008

New Blog Features Discussion on Economic Topics offsite link

In 'Marginal Thoughts,' a new economics blog now online, Wade Rousse talks about the role of speculators in futures markets.

Help for Minority-Owned Financial Institutions offsite link

New Fed program offers one-on-one guidance, workshops and extensive Web-based resources and information.

Will Risk Management Keep Ahead of the Curve?
Latest Chicago Fed Letter explores comprehensive risk management and the recent financial turmoil.

Does Education Improve Your Health?
Bhashkar Mazumder (left) re-examines evidence from compulsory schooling laws.

How EITC Recipients Spend Their Refunds
Leslie McGranahan (left) and Andrew Goodman-Bacon report that Earned Income Tax Credits likely used on transportation.

Are Inflation Targets Good Inflation Forecasts?
Benoit Mojon (left) and Marie Diron show that quantified inflation objectives can be used as forecasting devices.

2007 Annual Report Discusses Market Turmoil
Examines market disruptions last year and the role financial innovation plays in fostering such disruptions.

Upcoming Conferences

Interagency Minority Depository Institutions
July 16-18, 2008
offsite link

International Banking
September 25-26, 2008

Agricultural Markets and Food Price Inflation
October 2, 2008

Wisconsin Foreclosures
November 6, 2008

In The Federal Reserve System

Districts and Banks

Financial Services

Discount Window

Board of Governors

Also on This Site

Services for Financial Institutions