Features

Economic Perspectives

New Economic Perspectives Now Online

First quarter 2010 edition includes articles titled, "Interest Rates Following Financial Re-regulation," and "Measuring the Equilibrium Real Interest Rate."  Read More

High Frequency Trading

Controlling Risk in a Lightning-Speed Trading Environment

Most recent Chicago Fed Letter explains advantages and risks to high-frequency algorithmic trading.
Read More

Auto Industry

Auto Industry Downturn: Impact on Workers

On October 8–9, 2009, the Chicago Fed, along with the Cleveland Fed, Brookings Institution Metropolitan Policy Program, and the W. E. Upjohn Institute for Employment Research, held a conference to address the ongoing adjustments of the automotive work force and its communities. This article summarizes one of the key conference panels. Read More

Recent News

02/01/2010

Groundhog Day for Chicago's Economy?

In a recent blog posting, Chicago Fed Economist William Testa talks about Chicago's path of growth and development. Read More

01/28/2010

Economic Activity Moved Lower in December

The Chicago Fed National Activity Index was –0.61 in December, down from –0.39 in November. Read More

01/27/2010

Midwest Manufacturing Output Decreased in December

The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.3% in December, to a seasonally adjusted level of 84.1. Read More

David Oppedahl 01/22/2010

Agricultural Trends and Paths Toward the Future

In recent Chicago Fed Letter, economist David Oppedahl examines issues shaping the future of Midwest agriculture, with a focus on public policy. Read More

Chicago Fed Letter cover 01/13/2010

Forecast: Solid U.S. Economic Growth in 2010

Chicago Fed Letter summarizes the Economic Outlook Symposium's 2010 forecasts, including higher inflation and slightly lower unemployment. Read More

Talking Points

"Looking ahead, restrictive bank credit, along with business and household caution, will continue to restrain the recovery’s strength. Nevertheless I expect these headwinds to abate as we move through 2010. We at the Chicago Fed expect GDP growth to average 3 to 3-1/2 percent in 2010."

Chicago Fed President Charles Evans, January 13 speech.
Economic Snapshot

Chicago Fed National Activity Index (CFNAI)


Chicago Fed Midwest Manufacturing Index (CFMMI)


Latest Indicators — December*
Unemployment    Employment
      Growth
Monthly YoY
US:
IL:
IN:
IA:
MI:
WI:
10.0%
11.1%
9.9%
6.6%
14.6%
8.7%
-0.1%
-0.3%
-0.3%
-0.9%
-0.4%
-0.6%
-3.1%
-4.1%
-3.6%
-2.7%
-5.1%
-4.3%

*All data are seasonally adjusted.
More about the Midwest Economy

CFNAI
December
Monthly Index:  -0.61
3-month MA:  -0.61
CFMMI

-0.3% in December

Farmland Values

-4% in 3Q09 over 3Q08

'Beige Book'

Economic activity in the Seventh District increased in December.

Michigan Retail Index

+7.8 for sales outlook
-1.7 for sales performance