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Keywords:gross domestic product (GDP) 

Newsletter
A “Big Data” View of the U.S. Economy: Introducing the Brave-Butters-Kelley Indexes

We describe a new set of indexes?the Brave-Butters-Kelley Indexes (BBKI)?constructed from a large panel of monthly macroeconomic time series and quarterly real gross domestic product (GDP) growth. Through August, these indexes suggest that real GDP growth was somewhat below its long-run trend to start the third quarter and that its business cycle component had declined noticeably in recent months despite some indications of improvement in its leading indicators.
Chicago Fed Letter

Newsletter
What is the Economic Impact of the Slowdown in New Business Formation?

Economists have emphasized the importance of ?creative destruction? as an engine of growth. The creative destruction process involves a constant reorganization of the economy as old products, firms, factories, and jobs are replaced by new ones. An important part of this process lies in the opening of new firms or establishments.
Chicago Fed Letter , Issue Sep

Newsletter
Economy to Keep Rolling Along in 2016 and Accelerate Slightly in 2017

According to participants in the Chicago Fed?s annual Automotive Outlook Symposium, the nation?s economic growth is forecasted to be near its long-term average this year and to strengthen somewhat in 2017. Inflation is expected to increase in both 2016 and 2017. The unemployment rate is anticipated to edge lower through the end of 2017, reaching 4.8% by then. Light vehicle sales are predicted to be flat, at 17.3 million units, in 2016 and decrease slightly in 2017.
Chicago Fed Letter

Journal Article
A New “Big Data” Index of U.S. Economic Activity

The authors present a new ?big data? index of U.S. economic activity that can be used to track business and inflation cycles in real time and estimate monthly real gross domestic product growth.
Economic Perspectives , Issue 1 , Pages 1-30

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