Federal Reserve Bank of Chicago

The Federal Reserve may need to raise interest rates to “somewhat restrictive” levels over the next couple of years to combat the effects of recent fiscal stimulus.

The June Midwest Economy Index slipped to 0.40 from an upwardly revised 0.58 in May.

The Chicago Fed National Activity Index for June reversed to positive 0.43 from a downwardly revised negative 0.45 in May.

The May Midwest Economy Index slipped to 0.51 from an upwardly revised 0.55 in April.

The Chicago Fed National Activity Index for May decreased to negative 0.15 from an upwardly revised positive 0.42 in April.

GDP will be stronger this year than in 2017, but will dip in 2019, while inflation will also spike this year before moderating next year.

The April Midwest Economy Index climbed to 0.53 from an unrevised 0.52 in March, the Federal Reserve Bank of Chicago said Thursday.

The March Midwest Economy Index climbed to 0.52 from a revised 0.41 in February, first reported as 0.44, the Federal Reserve Bank of Chicago said Monday.

The Chicago Fed National Activity Index for March decreased to 0.10 from an upwardly revised 0.98 in February .

The Federal Reserve should continue gradually raising interest rates if data on consumer prices available by the central bank’s mid-June policy meeting indicate inflation will soon reach the 2% target, Chicago Fed President Charles Evans said.

The Chicago Fed National Activity Index for February increased to 0.88 from a downwardly revised 0.02 in January.

The Federal Reserve may be well-served by postponing additional interest-rate increases until inflation data show a stronger pickup in price pressures, Chicago Fed President Charles Evans said.

The Chicago Fed National Activity Index for January decreased to 0.12 from a downwardly revised 0.14 in December.

Federal Reserve Bank of Chicago President Charles Evans said Wednesday he would wait before raising rates again.

The December Midwest Economy Index climbed to 0.43 from a revised 0.17 in November, first reported 0.22, the Federal Reserve Bank of Chicago said Wednesday.

The Chicago Fed National Activity Index for December increased to 0.27 from a downwardly revised 0.11 in November.

Federal Reserve policy dove Charles Evans argued for a six-month delay in raising interest rates when U.S. central bankers met in December.

The Midwest Economy Index reversed to positive 0.22 from a revised negative 0.11 in October, first reported negative 0.12, the Federal Reserve Bank of Chicago said Friday.

The Chicago Fed National Activity Index for November decreased to 0.15 from an upwardly revised 0.76 in October.

Concern that “persistent factors” rather than “transitory ones” could be keeping inflation low pushed Federal Reserve Bank of Chicago President Charles L. Evans to dissent on the Federal Open Market Committee vote on the federal funds rate Wednesday.