Contributions to the Chicago Fed Relative Midwest Economy Index: Midwest Region Contribution
RREGIONALM683SFRBCHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-153.84%
Date Range
6/1/1976 - 5/1/2021
Summary
The Chicago Fed Relative Midwest Economy Index tracks regional economic performance and comparative economic health across Midwestern states.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index measures economic contributions and performance variations within the Midwest region, providing insights into localized economic dynamics.
Methodology
Calculated using multiple economic indicators and comparative regional economic data.
Historical Context
Used by policymakers and economists to understand regional economic trends and disparities.
Key Facts
- Tracks economic contributions across Midwestern states
- Provides comparative regional economic insights
- Developed by the Chicago Federal Reserve
FAQs
Q: What does the Midwest Economic Index measure?
A: It tracks economic performance and contributions across Midwestern states using multiple economic indicators.
Q: How often is the index updated?
A: The index is typically updated quarterly to reflect current regional economic conditions.
Q: Why is this index important?
A: It helps economists and policymakers understand regional economic variations and trends.
Q: Who produces this economic index?
A: The Chicago Federal Reserve develops and maintains this regional economic index.
Q: Can this index predict economic changes?
A: It provides insights into regional economic performance but should not be used as a sole predictive tool.
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Citation
U.S. Federal Reserve, Contributions to the Chicago Fed Relative Midwest Economy Index (RREGIONALM683SFRBCHI), retrieved from FRED.