Features

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How to Keep Markets Safe in the Era of High-Speed Trading

Recent technology-related snafus highlight the need for risk controls at every step of the trading process. 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 in the Midwest. Read More

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Implementing Dodd–Frank

Special issue of Economic Perspectives reviews challenges associated with implementation of financial reform. Read More

Recent News

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What Have We Learned about Asset Price Bubbles?

Chicago Fed Letter evaluates what is now known about asset bubbles and whether they can (or should) be managed in the public interest. Read More

Fed's Evans Addresses Indiana Business Group

Chicago Fed President Charles Evans gave a speech September 26 about national economic conditions and the appropriate monetary policy response to members of the Lakeshore Chamber of Commerce during their 8th annual business expo. Read More

Around the System

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What Is "Operation Twist?"

Under the maturity extension program, the Federal Reserve intends to sell or redeem a total of $667 billion of shorter-term Treasury securities by the end of 2012 and use the proceeds to buy longer-term Treasury securities.

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The Importance of Community Banking

In Community Banking Connections, a Federal Reserve System publication, Ben Bernanke discusses the benefits that community banks bring to the U.S. economy.

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 — August*  
Unemployment Employment
Growth
GSP     
Growth**
Monthly YoY      YoY
US:
IL:
IN:
IA:
MI:
WI:
8.1%
9.1%
8.3%
5.5%
9.4%
7.5%
0.1%
0.2%
0.2%
0.0%
-0.2%
0.3%
1.4%
0.7%
2.3%
0.8%
1.2%
-0.2%
1.7%
1.6%
2.6%
1.6%
1.5%
2.2%

*All data are seasonally adjusted.
**Estimates of annual GSP growth are through 2012:Q2.
Source: Bureau of Economic Analysis and Bureau of Labor Statistics/Haver Analytics
More about the Midwest Economy

CFNAI
August
Monthly Index:  -0.87
3-month MA:  -0.47
Diffusion Index:  -0.23

NFCI
October 12, 2012
NFCI:  -0.75
Adjusted NFCI (ANFCI):  -0.43

Midwest Economy Index (MEI)
August
MEI:  -0.38
Relative MEI:  -0.30

CFMMI

-1.2% in August

Farmland Values

+15% in 2Q12 over 2Q11

'Beige Book'

Economic activity in the Seventh District continued to expand in late August and early September, but again at a slow pace.

Michigan Retail Index

-4.5 for sales outlook
-2.5 for sales performance