Charles Evans
President and CEO

Features

What We Learn from a Sovereign Debt Restructuring in France in 1721

Past examples of debt restructurings yield important insights into what is technically and politically feasible for governments facing financial crisis.

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Cleared Margin Setting at Selected Central Counterparties

Interviews with senior personnel at six of the world’s largest central counterparty clearing houses and research by financial markets staff shed light on regulations, principles and best practices in margin setting for derivatives.

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What It’s Worth: Strengthening the Financial Future of Families, Communities and the Nation

ProfitWise News and Views presents a collection of essays exploring wealth building, household financial well-being and economic inclusion in underserved Chicago communities.  Read More

How Corporate Cash Flows Are Being Used Today

Chicago Fed Letter examines how firms allocate their cash flows by tracking trends in their capital expenditure, shareholder payouts and debt.

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Small Business Lending After the Financial Crisis: A New Competitive Landscape for Community Banks

Economic Perspectives considers the effects of the financial crisis and regulations on lending by community banks.

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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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Recent News

Survey Shows Growth Slowed in October and Early November

The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to –20 from +9, suggesting that growth in economic activity slowed to a modest pace in October and early November.

Midwest Economic Growth Picked Up in October

The Midwest Economy Index (MEI) was –0.01 in October, up from –0.11 in September.

Economic Growth Increased Slightly in October

The Chicago Fed National Activity Index (CFNAI) was –0.08 in October, up from –0.23 in September.

The Global Diffusion of Ideas and Its Impact on Productivity and Growth

Chicago Fed Letter discusses how the cross-border transmission of knowledge affects a country’s productivity based on its openness to trade and other factors.

Midwest Farmland Values Down in Third Quarter

Latest AgLetter reports Seventh District farmland values in the third quarter of 2016 were 3 percent lower than a year ago.

Slide Presentation Outlines U.S. Economic Conditions

Chicago Fed President Charles Evans spoke October 24 at the University Club of Chicago and shared his thoughts on monetary policy and national economic conditions. 

 

Around the System

dual-mand

Economic Snapshot

sidebar cfsbc graph
Latest Indicators — October*  
Unempl. Employment
Growth
GSP     
Growth**
Monthly YoY      Quarterly
US:
IL:
IN:
IA:
MI:
WI:
4.9%
5.6%
4.4%
4.1%
4.7%
4.1%
0.1%
0.0%
0.1%
-0.3%
0.4%
0.4%
1.7%
0.5%
1.0%
1.1%
2.2%
1.0%
-
-0.9%
0.5%
-2.6%
2.6%
0.4%

*All data are seasonally adjusted.
**Annualized quarterly growth in real gross state product (GSP) is for 2016:Q1.
Sources: Bureau of Economic Analysis and Bureau of Labor Statistics/Haver Analytics.

CFNAI

October

  Monthly Index: -0.08

    3-month MA: -0.27

Diffusion Index: -0.35

 

NFCI

November 25, 2016

                       NFCI: -0.77

Adjusted NFCI (ANFCI): -0.20

 

Midwest Economy Index (MEI)

October

   MEI: -0.01

Relative MEI: +0.25

 

CFSBC

November 30, 2016
Activity: -20
       Manufacturing: +3
       Nonmanufacturing: -33

  

Farmland Values

-3% change in 3Q16 over 3Q15

 

Beige Book

Growth in economic activity in the Seventh District continued at a moderate pace in late August and September, and contacts expect growth to remain moderate over the next six to twelve months.
 

Michigan Retail Index

-6.1 for sales outlook

+6.1 for sales performance

 

More Economic Data