Chicago Fed Letter
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The Chicago Fed’s Supervision and Regulation Department and DePaul University’s Center for Financial Services held their ninth annual risk conference on March 29–30, 2016. The conference brought together financial industry professionals, academics, and regulators to discuss the challenges and opportunities posed by the uncertain outlooks for financial markets and geopolitical landscapes across the globe, as well as by the array of innovations from financial technology, or “fintech,” firms.
This Chicago Fed Letter provides an account of our collaboration with the construction contracts and payment management firm Textura to use their data to evaluate the state of U.S. construction spending. We show that new construction projects budgeted by Textura’s clients are a leading indicator for total U.S. construction spending and provide information beyond other already publicly available data..