From the President

Charles Evans
President and CEO

Features

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Regulation of OTC Derivatives

Economic Perspectives article discusses policy issues raised by the G-20 market structure mandates. Read More

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Healthy Communities Milwaukee Regional Summit

Federal Reserve Bank of Chicago's community development and policy studies department will cohost a conference on December 2 that will explore converging visions of community and economic development, public health and the public safety/criminal justice system. Read More

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Resource Utilization Among Black Small Business Owners in Detroit

In this special edition of Profitwise News and Views, Community Development and Policy Studies senior business economists Maude Toussaint-Comeau and Robin Newberger present findings from a poll of black small business owners in metropolitan Detroit about access to resource networks. Read More

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Measuring Fiscal Impetus: The Great Recession in Context

Economic Perspectives article finds that fiscal policy was more expansionary than average during the 2007 recession and has been significantly more contractionary than average during the recovery; it is forecasted to remain depressed well into the future. Read More

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New Issue of Risk Perspectives Available

Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends. Recent issue of Risk Perspectives highlights risk monitoring. Read More

Recent News

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Economic Growth Moderated in October

The Chicago Fed National Activity Index (CFNAI) was +0.14 in October, down from +0.29 in September. Read More

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Inequality in Skills and the Great Gatsby Curve

Chicago Fed Letter presents evidence relating cross-country differences in intergenerational mobility to differences in inequality of skills. Read More

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Midwest Farmland Values Flat in Third Quarter

Latest AgLetter reports Seventh District farmland values in the third quarter of 2014 were largely the same as a year ago. Read More

The Midwest's Labor Market Dashboard

In a recent blog posting, Chicago Fed's Thomas Walstrum looks at how a specific set of labor market indicators applies to the Midwest economy. Read More

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Understanding Michigan's State Revenue Sharing with Local Governments

Chicago Fed Letter looks at trends in revenue sharing between state and local governments in Michigan since the early 2000s. Read More

Fed's Evans Addresses National Council on Teacher Retirement

Federal Reserve Bank of Chicago President Charles Evans spoke on October 13 during the National Council on Teacher Retirement 92nd Annual Conference in Indianapolis, IN. Read More

Fed’s Evans Addresses Wisconsin Business, Academic and Community Leaders

Federal Reserve Bank of Chicago President Charles Evans spoke on October 8 during the BMO Harris and Lakeland College economic briefing in Plymouth, WI. Read More

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Managing Risk in the Recovery

Chicago Fed Letter explores financial services firms' current risks and challenges, including those from prolonged low interest rates and cyberthreats. Read More

Fed's Evans Addresses National Association for Business Economics

Federal Reserve Bank of Chicago President Charles Evans spoke on September 29 to members of the National Association for Business Economics during their annual meeting in Chicago. Read More

Around the System

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FOMC Statement

Access Federal Open Market Committe statements, forecasts and minutes.

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The Fed App: Now for Android and iOs

Download The Fed app onto your smartphone or tablet for the latest speeches, news releases and tweets from the Board of Governors and all 12 Banks.

Economic Snapshot

Chicago Fed National Activity Index (CFNAI)


National Financial Conditions Index (NFCI)


Midwest Economy Index (MEI)


Chicago Fed Midwest Manufacturing Index (CFMMI)


Latest Indicators — September*  
Unemployment Employment
Growth
GSP     
Growth**
Monthly YoY      YoY
US:
IL:
IN:
IA:
MI:
WI:
5.9%
6.6%
5.7%
4.6%
7.2%
5.5%
0.2%
0.3%
-0.2%
0.1%
-0.1%
0.0%
1.9%
1.2%
2.0%
1.4%
0.8%
1.5%
2.6%
2.1%
1.3%
1.2%
4.0%
2.5%

*All data are seasonally adjusted.
**Year-to-date estimates of annual growth in real gross state product (GSP) are through 2014:Q2.
Source: Bureau of Economic Analysis and Bureau of Labor Statistics/Haver Analytics
More about the Midwest Economy

CFNAI
October
Monthly Index: +0.14
3-month MA: -0.01
Diffusion Index: +0.11

NFCI
November 21, 2014
NFCI: -0.90
Adjusted NFCI (ANFCI): -0.47

Midwest Economy Index (MEI)
September
MEI: +0.51
Relative MEI: +0.36

CFMMI

+0.4% in October 2013

Farmland Values

0% in 3Q14 over 3Q13

'Beige Book'

Growth in economic activity remained moderate in July and August, and contacts maintained their optimistic outlook for the rest of the year.

Michigan Retail Index

+3.0 for sales outlook
+16.1 for sales performance