ECB Official Sees EU Lender of Last Resort Mechanism as Feasible
A seniorECB policymaker said it was feasible to design a lender-of-last-resort mechanism for the European Union, though it should be funded from within the euro zone.
Iowa Economy Lags Midwest Ahead of Caucuses
Manufacturing and service sector activity in Iowa declined during November while consumer spending indicators strengthened, the Federal Reserve Bank of Chicago said Thursday.
Fed’s Pianalto: European Slowdown Could Trim 0.5% From U.S. Growth
A U.S. Fed official said that she sees signs of inflationary pressure moderating, and upgraded her growth forecasts for the next two years.
Chicago-Area Manufacturing Remains Muted
The Federal Reserve Bank of Chicago said Wednesday that manufacturing output in the Midwest region was a whisker down in June from May as higher steel and machinery production partially countered a decline among auto makers.
Chicago Fed Index Shows Tepid June Growth
The U.S. economy improved slightly in June from the previous month, helped by stronger housing starts, though the underlying trend hit a near-two-year low, according to data published Monday by the Federal Reserve Bank of Chicago.
Chicago-Area Manufacturing Posts Strong Gain
U.S. manufacturing activity was stronger than expected in June, with rising orders and easing price pressures, according to the monthly survey of Chicago-area purchasing managers.
Chicago-Area Manufacturing Posts Strong Gain
U.S. manufacturing activity was stronger than expected in June, with rising orders and easing price pressures, according to the monthly survey of Chicago-area purchasing managers.
Chicago Fed Index Shows Improvement in May
The U.S. economy improved slightly in May from the previous month as manufacturing production came back on stream in the wake of Japan's natural disasters, according to data published by the Chicago Fed.
Chicago Fed Index Tumbled in April
The U.S. economy slipped to below-trend growth in April as the impact of the earthquake and tsunami in Japan rippled across the Pacific Ocean to a domestic economy still hamstrung by weak consumer spending and housing activity.
The headline National Activity Index compiled by the bank fell to -0.45 in April after being revised up to...
Fed’s Evans: Policy Should Remain Easy for Some Time
Higher food and energy prices aren't expected to translate into sustained inflationary pressure, and the Fed should retain "substantial" monetary policy accommodation for some time, a senior official said Thursday.
Chicago Fed Index Indicates Slow Economic Improvement
The U.S. economy continued to strengthen at a snail's pace in February thanks to momentum in the industrial sector, according Chicago Fed data.
